Government Unveils Ambitious Development Plans: MSP Hike, Mega Port, Offshore Wind Terminals, and Airport Upgrade

Tags: National News

Government unveiled development plans including increase in MSP, mega ports, offshore wind terminals and airport upgrades.

An Overview of the News

Minimum Support Price (MSP) Increase:

• MSP approved for 14 Kharif crops for the marketing season 2024-25.

• Significant increases in MSP for crops including Paddy, Cotton, Millets, Pulses, and Oilseeds to benefit farmers.

Vadhavan Port Development:

• Government to develop an all-weather greenfield port at Vadhavan in Maharashtra.

• Estimated cost of over 76 thousand crore rupees.

• Planned to be among the top 10 ports globally after completion.

• Phase-wise development with a capacity of 23 million TEU.

• Expected to create 12 lakh job opportunities.

Offshore Wind Terminals:

• First offshore wind terminals to be developed in Gujarat and Tamil Nadu.

• Each terminal to have a capacity of 500 megawatts.

• Part of the government's efforts to increase renewable energy capacity.

Varanasi Airport Development:

• Approval for the development of Lal Bahadur Shastri International Airport, Varanasi.

• Project cost estimated at 2,869 crore rupees.

• Emphasis on developing the airport as a green airport for environmental sustainability.

National Forensic Infrastructure Enhancement Scheme:

• Cabinet approval for the scheme.

• Establishing off-campus facilities of National Forensic Science University and Central Forensic Science Laboratories across the country.