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Home > All news > Economy, Railways > PM lays foundation stone of projects worth over Rs 1,06,000 cr; Dedicates multiple key sections of Dedicated Freight Corridor

PM lays foundation stone of projects worth over Rs 1,06,000 cr; Dedicates multiple key sections of Dedicated Freight Corridor

March 12, 2024
Reading Time: 2 minutes
PM Modi

Ahmedabad - The Prime Minister, Shri Narendra Modi dedicated to the nation and laid the foundation stone of various developmental projects worth over Rs 1,06,000 crores at Dedicated Freight Corridor’s Operation Control Centre in Ahmedabad, Gujarat today. The development projects of today encompass multiple sectors including railway infrastructure, connectivity and petrochemicals. He also flagged off 10 new Vande Bharat trains. 

Addressing the occasion, the Prime Minister acknowledged the lakhs of people connected to the event from more than 200 different places and said that the scale and size of today’s event cannot be matched with any other event in Railways’ history.

In the 75 days of 2024, projects worth more than Rs 11 lakh crores have been inaugurated or foundation stones laid while projects worth Rs 7 lakh crores have been unveiled in the last 10-12 days”, the Prime Minister remarked. Noting that today’s organization is a crucial step towards accomplishing the goal of Viksit Bharat, the Prime Minister said that projects worth about Rs 1 lakh crore have been inaugurated or foundation stones laid where projects worth around Rs 85,000 crores are dedicated to railways. He also touched upon laying the foundation Stone of Petrochemicals complex of Petronet LNG at Dahej worth more than Rs 20,000 crores and informed that it will help boost hydrogen production and demand for polypropylene in the country. Referring to the foundation stone laying of Ekta Malls in Maharashtra and Gujarat, PM Modi said that it will take India’s cottage industry and handicrafts to every corner of the country, thereby emboldening the government’s mission for Vocal for Local and strengthening the foundations of Viksit Bharat. Reiterating the young demographics of India, the Prime Minister told the nation's youth that today’s inaugurations are for their present and today’s foundation stones guarantee their bright future. 

The Prime Minister said that under Gati Shakti Cargo Terminal Policy, construction of Cargo terminal has increased as land leasing policy has been simplified and has been made online leading to transparency. He also mentioned the establishment of Gati Shakti University. The Prime Minister continued with the modernization-related initiatives of railway and informed about the project of abolishing unmanned crossing and automatic signaling systems. He said that the country is moving towards 100 percent electrification. Solar-powered stations and Jan Aushadhi Kendras are coming up on stations. 

The Prime Minister presented Eastern and Western dedicated freight corridors as an example of development in the last 10 years. This separate track for goods trains improves speed and is important for agriculture, industry, export and business. In the last 10 years, this freight corridor, connecting the east and west coasts, has been almost completed. Today about 600 kilometers of freight corridor has been inaugurated, and the Operation Control Center has been inaugurated in Ahmedabad. Due to the efforts of the government, the speed of goods trains on this corridor has now more than doubled, he said. He further said that an industrial corridor is being developed in the entire corridor. Today, Railway Goods Shed, Gati Shakti Multimodal Cargo Terminal, Digital Control Station, Railway Workshop, Railway Loco Shed, and Railway Depot have also been inaugurated at many places. This will also have a very positive impact on freight transportation, he added. 

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

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