PM Modi Inaugurates Development Projects in Mumbai, Aims to Make Maharashtra a Global Financial Powerhouse

Prime Minister Narendra Modi embarked on a visit to Mumbai on Saturday, where he laid the foundation stone for and inaugurated a series of development projects. During his address at the event, PM Modi outlined his vision for Maharashtra, stating, “My aim is to make Maharashtra the world’s biggest financial powerhouse and to make Mumbai the global fintech capital.” He emphasized the state’s rich history, vibrant present, and aspirations for a prosperous future, highlighting its crucial role in building a developed India. He recognized Maharashtra’s prowess in industry, agriculture, and the finance sector, which has cemented Mumbai’s position as the country’s financial hub. PM Modi expressed his goal of harnessing this power to elevate Maharashtra to the status of a global economic powerhouse.

The Prime Minister acknowledged the enthusiastic reception of the National Democratic Alliance (NDA) government’s third term by both small and large investors, emphasizing that the populace understands the NDA’s ability to deliver stability. The development projects initiated in Mumbai on Saturday are expected to have a transformative impact, enhancing connectivity, significantly upgrading the city’s infrastructure, and ultimately benefiting its citizens.

Here’s a breakdown of the key projects inaugurated by PM Modi:

1.

Road, Railways, and Ports Sector Projects

: PM Modi launched and dedicated to the nation a package of projects worth over ₹29,400 crore, focusing on the road, railways, and ports sector.
2.

INS Towers

: The Prime Minister inaugurated the Indian Newspaper Society (INS) Secretariat at G-Block, Bandra Kurla Complex, Mumbai, formally opening the INS Towers.
3.

Thane-Borivali Tunnel Project

: PM Modi laid the foundation stone for this project, signifying the commencement of construction for the Rs. 16,600 crore tunnel.
4.

Goregaon Mulund Link Road (GMLR) Project

: The foundation stone was also laid for the Tunnel work at the Goregaon Mulund Link Road (GMLR) Project, estimated to cost over Rs. 6300 crore.
5.

Kalyan Yard Remodelling and Gati Shakti Multi Modal Cargo Terminal

: PM Modi initiated the construction of the Kalyan Yard Remodelling and Gati Shakti Multi Modal Cargo Terminal in Turbhe, Navi Mumbai. This project is designed to streamline long-distance and suburban traffic through the segregation of train operations at Kalyan Yard.
6.

New Platforms at Lokmanya Tilak Terminus and Chhatrapati Shivaji Maharaj Terminus

: PM Modi dedicated to the nation the new platforms at Lokmanya Tilak Terminus and the extension of Platform no. 10 & 11 at Chhatrapati Shivaji Maharaj Terminus Station.
7.

Mukhyamantri Yuva Karya Prashikshan Yojana

: The Prime Minister launched the Mukhyamantri Yuva Karya Prashikshan Yojana, a youth employment training program with an allocated budget of around Rs. 5600 crore.

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