Prime Minister Shri Narendra Modi Lays the Foundation Stone, Inaugurates and Dedicates Various Development Projects Worth Over ₹13,000 Crore in Chennai, Tamil Nadu

Key Highlights:

• Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone for development projects worth over ₹13,000 crore in Chennai, Tamil Nadu.
• The projects encompass infrastructure, urban development, manufacturing, and the blue economy.
• Key initiatives include the expansion of the Chennai Metro and the transformation of VOC Port in Thoothukudi.
• An investment of approximately ₹17,000 crore is earmarked for VOC Port to become a World-Class Mega Container and Green Energy Hub.
• The event highlighted significant growth in India's metro network, manufacturing sector, and seafood exports.

Detailed Insights:

• The projects aim to boost industry, trade, and employment opportunities while enhancing the ease of living for citizens.
• India's metro network has expanded from 5 cities and 250 km in 2014 to 25 cities and over 1,100 km today.
• The government is promoting manufacturing in Tamil Nadu through campaigns like Make in India and Vocal for Local, leading to an 11-fold increase in electronics exports and a 50-fold rise in defense exports since 2014.
• Maritime infrastructure is being strengthened, with VOC Port designed to accommodate ultra-large container vessels and improve ship turnaround times.
• Under the PM Matsya Sampada Yojana, thousands of crores have been approved for Tamil Nadu to upgrade fishing harbors, develop landing centers, and improve cold chain facilities.
• Fishermen are also gaining access to working capital through the Kisan Credit Card scheme.
• The Prime Minister emphasized the vision of achieving a Viksit Bharat through a Viksit Tamil Nadu, stressing cooperative federalism.

Key Concepts Involved:

• PM Matsya Sampada Yojana: A flagship scheme for the sustainable development of India's fisheries sector.
• Kisan Credit Card: A scheme providing timely and adequate credit support to farmers and fishermen.
• Make in India: A national program to encourage manufacturing in India and boost domestic production.
• Viksit Bharat: The vision for India to become a developed nation by 2047.