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Tag: LPG Import Terminal

  • PM Modi Inaugurates Infrastructure Game-Changers in Kochi

    PM Modi Inaugurates Infrastructure Game-Changers in Kochi

    In a significant development aimed at transforming India’s maritime landscape, Prime Minister Narendra Modi inaugurated three key infrastructure projects in Kochi, Kerala, with a combined value exceeding ₹4,000 crore. The projects, including the New Dry Dock (NDD) at Cochin Shipyard Ltd (CSL), the International Ship Repair Facility (ISRF) of CSL, and Indian Oil Corp Ltd’s LPG Import Terminal at Puthuvypeen, Kochi, are strategically designed to propel India’s ports, shipping, and waterways sector into a new era of capacity enhancement and self-reliance.

     

    The New Dry Dock at CSL, constructed at an estimated cost of ₹1,800 crore, stands as a testament to India’s engineering prowess. Positioned as one of the largest dry docks in the region, it has the capacity to accommodate future aircraft carriers and large commercial vessels. This infrastructure marvel aligns with India’s maritime ambitions and positions the country as a formidable player in shipbuilding.

     

    The ISRF, a project valued at around ₹970 crore, aims to modernize CSL’s ship repair capabilities, positioning Kochi as a major ship repair hub. This facility will contribute to the growth of the shipbuilding and repair sector, attracting domestic and international business opportunities.

     

    Indian Oil’s LPG Import Terminal, an investment of approximately ₹1,236 crore, is a critical addition to the energy infrastructure. This terminal is expected to ensure a consistent supply of LPG in the region, contributing to India’s energy accessibility and self-reliance.

     

    The inauguration event witnessed the presence of Kerala’s governor Arif Mohammed Khan, chief minister Pinarayi Vijayan, Union minister for ports, shipping and waterways Sarbananda Sonowal, and other dignitaries.

     

    Prime Minister Modi, in his address, emphasized the pivotal role of states in India’s journey towards becoming a ‘Viksit Bharat’ during the Amrit Kaal. Reflecting on the historical significance of ports in India’s prosperity, he envisioned their crucial role in the contemporary era as India emerges as a key player in global trade.

     

    The prime minister highlighted the government’s comprehensive efforts to bolster port cities like Kochi. Initiatives under the Sagarmala Project, including augmenting port capacity, investing in infrastructure, and enhancing connectivity, underscore India’s commitment to revolutionizing the maritime sector. The newly inaugurated projects, including shipbuilding, ship repairing, and the LPG import terminal, are set to stimulate development in Kerala and the southern region.

     

    PM Modi expressed pride in the ‘Made in India’ aircraft carrier INS Vikrant being constructed at the Kochi Shipyard, emphasizing that the new facilities would significantly amplify the shipyard’s capabilities. He noted the sectoral reforms over the last decade, attracting new investments and creating job opportunities.

     

    The prime minister highlighted the growth in the number of Indian seafarers, citing a 140% increase due to regulatory reforms. He also underscored the impressive double-digit annual growth of Indian ports in the last decade, surpassing many developed nations in ship-turnaround time.

     

    Discussing India’s role in global trade, PM Modi mentioned agreements made during India’s G20 Presidency, particularly the Middle East-Europe Economic Corridor. This corridor is expected to bolster India’s coastal economy, aligning with the vision of Viksit Bharat. He also referred to the Maritime Amrit Kaal Vision, outlining a roadmap to strengthen India’s maritime prowess.

     

    PM Modi lauded the significance of the New Dry Dock, terming it a national pride that would facilitate docking of large vessels, enhance shipbuilding and repair capabilities, reduce foreign dependency, and conserve foreign exchange. The International Ship Repair Facility was acknowledged for elevating Kochi as a prime ship repair center in India and Asia. The new LPG Import Terminal was recognized for meeting the LPG needs of multiple regions, supporting local industries, economic activities, and job creation.

     

    PM Modi acknowledged the vital role of the fishermen community in the blue economy and port-led development. Initiatives like PM Matsya Sampada Yojna, modernized boats subsidies, and Kisan Credit Cards for fishermen have contributed to the increase in fish production and exports. The prime minister emphasized that these developments in the seafood processing sector would significantly raise fishermen’s incomes and improve their lives. The infrastructure projects inaugurated in Kochi mark a significant stride towards India’s maritime aspirations and economic growth.

  • PM Modi to Inaugurate Key Infrastructure Projects

    PM Modi to Inaugurate Key Infrastructure Projects

    Prime Minister Narendra Modi is scheduled for a two-day visit to Andhra Pradesh and Kerala, starting Tuesday, where he will inaugurate several development and infrastructure projects worth more than ₹4,000 crore. The key highlights of his visit include the launch of the New Dry Dock and International Ship Repair Facility in Kochi, underscoring the government’s commitment to transforming the ports, shipping, and waterways sector.

     

    On Tuesday, PM Modi will visit the Sri Sathya Sai District in Andhra Pradesh and inaugurate the new campus of the National Academy of Customs, Indirect Taxes and Narcotics (NACIN). This aligns with the government’s emphasis on enhancing training and infrastructure in institutions related to customs, taxes, and narcotics.

     

    Moving on to Kerala, on January 17, the Prime Minister will inaugurate essential infrastructure projects associated with ports, shipping, and waterways. Prior to this, he will visit the Guruvayur Temple and Thriprayar Shree Ramaswami Temple in the state.

     

    The spotlight of the visit is the inauguration of three major infrastructure projects in Kochi, emphasizing PM Modi’s vision to revamp the ports and shipping sector and enhance its capacity and self-sufficiency.

     

    1. New Dry Dock:

    One of the significant projects is the New Dry Dock, constructed at the Cochin Shipyard Limited (CSL) premises in Kochi. This dry dock comes with an estimated cost of about ₹1,800 crore and stands as one of the largest marine infrastructures in the region. The dry dock measures 310 meters in length, with a width of 75/60 meters, a depth of 13 meters, and a draught of up to 9.5 meters. This modern dry dock facility is poised to play a pivotal role in supporting shipbuilding and repair activities, fostering the growth of the maritime industry.

     

    2. International Ship Repair Facility (ISRF):

    Complementing the New Dry Dock is the International Ship Repair Facility (ISRF), constructed at an approximate cost of ₹970 crore. The ISRF project includes a ship lift system with a capacity of 6000 tons, a transfer system, six workstations, and a berth of around 1,400 meters capable of accommodating seven vessels of 130 meters in length simultaneously. This facility aims to modernize and expand the existing ship repair capabilities of CSL. Additionally, it positions Kochi as a global ship repair hub, boosting the nation’s maritime infrastructure and capabilities.

     

    3. Indian Oil’s LPG Import Terminal:

    Another vital project in Kochi is the Indian Oil’s LPG Import Terminal at Puthuvypeen, constructed with an investment of about ₹1,236 crores. This terminal holds a storage capacity of 15400 MT and is designed to ensure a consistent supply of LPG for millions of households and businesses in the region. The terminal’s strategic location contributes to strengthening India’s efforts to provide accessible and affordable energy for all. The project is a crucial component of the nation’s energy infrastructure, facilitating the storage and distribution of LPG.

     

    These projects collectively signify a significant boost to the nation’s shipbuilding and repair capacities, fostering growth in the maritime sector. The inauguration of the New Dry Dock and ISRF aligns with the government’s vision of Atmanirbhar Bharat, promoting self-reliance and reducing dependence on external sources for critical infrastructure. These projects are expected to contribute to EXIM trade, reduce logistics costs, drive economic growth, and create numerous domestic and international business opportunities.

     

    In addition to these projects, PM Modi’s visit to Kerala includes the unveiling of other infrastructure developments related to ports, shipping, and waterways. These initiatives underscore the government’s commitment to transforming the sector, promoting sustainable development, and enhancing connectivity through water-based transportation.

     

    The projects inaugurated by PM Modi are poised to bring about a paradigm shift in the maritime and energy infrastructure landscape of the country. They represent a strategic move towards achieving the government’s objectives of fostering economic growth, creating job opportunities, and strengthening India’s position as a key player in the global maritime arena. The Prime Minister’s visit and the inauguration of these projects reflect the government’s proactive approach towards infrastructure development and capacity-building across key sectors.