Indian Economy News

Prime Minister has laid the foundation stone, inaugurated and dedicated to the nation multiple development initiatives worth around US$ 4.8 billion (Rs. 38,800 crores) in Mumbai, Maharashtra

The Prime Minister of India, Mr. Narendra Modi has inaugurated, dedicated, and laid the foundation stone of multiple development initiatives worth US$ 4.8 billion (Rs. 38,800 crores) in Mumbai, Maharashtra. The projects include dedicating to the nation Mumbai Metro Rail Lines 2A and 7, laying the foundation stone for the redevelopment of Chhatrapati Shivaji Maharaj Terminus and seven sewage treatment plants, and inaugurating 20 Hinduhridaysamrat Balasaheb Thackeray Aapla Dawakhana. Starting the road concretisation project for around 400 kilometres of roads in Mumbai was also included.

While addressing the gathering, he said that the projects will play an important role in making Mumbai a better metropolitan. He highlighted that this is the first time since independence that India has the courage to turn its dreams into reality. He further said, Indians are eagerly awaiting a developed India, and the same optimism for India can be seen in the world. He mentioned that today India is spending on its physical and social infrastructure and modern connectivity, along with housing, toilets, free medical treatment, etc, are expanding rapidly. India is providing free ration to 80 crore citizens and making unprecedented investments in infrastructure development, he said.

The Prime Minister stressed the role of cities in the creation of a Viksit Bharat, and that during the Amrit Kaal, many cities of Maharashtra will drive India’s growth. He informed that the work in mission mode is being carried out across the country for the advancement of Indian Railways and Mumbai Metro and local trains are also benefiting from this. The railway stations of today are being developed like airports, and one of the oldest railway stations in India, the Chhatrapati Maharaj Terminus is going will be revamped as part of this initiative and will be developed as a shining example of India in the 21st century. Furthermore, he said that Mumbai will get a facelift in the coming years with the technological advancements of Mumbai Local, expansion of the Mumbai network, Vande Bharat trains, and advanced connectivity. He also informed that travelling to Mumbai from the neighbouring districts will now become easier.

Mr. Narendra Modi asserted that the work is ongoing for the complete transformation of the Indian cities and the solutions are being found for different urban problems like pollution, cleanliness, etc.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.