$31 billion lined up for 400 port projects across 7,500-km coastline: PM

PM Modi says govt is keen to promote use of renewable energy in maritime sector, is on course to install solar and wind-based power systems at all major ports

India will invest $82 billion (or Rs 6 trillion) in port projects by 2035, raise the share of clean renewable energy source in the maritime sector, develop waterways, augment seaplane services, boost tourism around lighthouses, and generate 2 million jobs, Prime Minister Narendra Modi said on Tuesday.
 
He urged global players to make India a “preferred investment destination”. In a bid to develop the 7,500-km coastline of India, the Ministry of Ports, Shipping and Waterways has drawn up a list of 400 projects with investment potential to the tune of $31 billion (or Rs 2.25 trillion), said Modi at