PM Modi lays foundation stone for Navi Mumbai International Airport

Prime Minister Narendra Modi on Sunday inaugurated the Magnetic Maharashtra investors summit and laid the foundation stone of Navi Mumbai International Airport.

The Airport, when built, will share the burden of Mumbai’s Chhatrapati Shivaji International Airport.

Speaking at the inauguration event, PM Modi said, “Issue of Navi Mumbai airport has been pending for years. And, this is not the only project that is pending. When I assumed office I realised there were several such projects. That is why we began a Pragati initiative and gave priority to completion of projects.”

He said that India’s aviation sector is growing tremendously and the number of air travellers has increased sharply, hence, state of the art infrastructure is highly important.

The Prime Minister also attacked Congress government and said, “Tomorrow some will come and say that this was conceptualised during our time, but why didn't they finish it. Projects worth Rs 10 lakh crore are underway which were stuck.”

"Globalisation is a reality of our times and to keep pace with globalisation, we need top quality infrastructure," he said.

Magnetic Maharashtra is said to be the biggest event of its kind since the launch of PM Modi’s much-touted ‘Make In India’ initiative.

The conclave, which goes by the tagline #MadeForBusiness, will intend to sign near about 5,000 MoUs, wherein an investment of Rs 10 lakh crore (nearly 156 billion USD) is expected, which will generate employment for 35 lakh people.