Infrastructure Projects in Maharashtra:
On August 30, 2024, Prime Minister Narendra Modi is set to undertake a significant visit to Maharashtra, focusing on key development projects and industry events.
Global Fintech Fest 2024
The Global Fintech Fest 2024 was a significant event in the fintech industry, held in Mumbai, India, from August 28-30, 2024. It was the fifth edition of this annual conference and emerged as the world’s largest fintech conference and thought leadership platform.
Key Highlights:
- Over 800 speakers: Attendees had the opportunity to hear from industry experts, policymakers, regulators, senior bankers, and academicians from India and other countries.
- 350+ sessions: The event featured a wide range of sessions, including keynotes, panel discussions, fireside chats, workshops, and more.
- Fintech innovations exhibition: Participants showcased their latest fintech products and solutions.
- Investment pitches: Startups had the chance to pitch their ideas to potential investors.
- Thought leadership reports and academic papers: The event featured the launch of important research and publications.
- Hackathons: Developers competed in coding challenges to create innovative fintech solutions.
- Global Fintech Awards: The event recognized and celebrated exceptional initiatives in the fintech ecosystem.
Notable Features:
- Prime Minister Narendra Modi’s address: The Prime Minister visited Mumbai to participate in the GFF and address a special session. He also launched various projects in the region.
- Focus on digital finance: The event emphasized the importance of digital financial inclusion and innovation.
- International participation: The GFF attracted attendees from around the world, showcasing the global reach of the fintech industry.
Vadhvan Port Development:
Vadhvan Port Development: Following the fintech event, the Prime Minister will travel to Palghar to lay the cornerstone for the Vadhvan Port project. With an investment of approximately Rs. 76,000 crores, this deep-water port is set to become one of India’s largest, designed to accommodate large container vessels and improve global maritime connectivity. The project aims to enhance trade efficiency, support local employment, and contribute to regional economic growth, all while adhering to sustainable development practices.
Fisheries Sector Boost:
Fisheries Sector Boost: The Prime Minister will also inaugurate and commence 218 fisheries projects totaling around Rs. 1,560 crores. These initiatives are aimed at enhancing infrastructure and productivity within the fisheries sector, with expectations to create over 500,000 job opportunities. Key components of these projects include developing and upgrading fishing harbors, landing centers, and markets.
Vessel Communication System Launch:
Vessel Communication System Launch: Additionally, Prime Minister Modi will launch the National Roll Out of the Vessel Communication and Support System, costing about Rs. 360 crores. This project will see the installation of 100,000 transponders on fishing vessels across 13 coastal states and Union Territories. The system, developed by ISRO, will provide crucial communication capabilities and safety measures for fishermen at sea.
These activities underscore the government’s commitment to advancing infrastructure, supporting economic growth, and leveraging technology to enhance various sectors.
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