Cabinet approves development of National Maritime Heritage Complex in Lothal, Gujarat

The Union Cabinet, led by Prime Minister Narendra Modi, has approved the development of the National Maritime Heritage Complex (NMHC) in Lothal, Gujarat. The project is expected to create approximately 22,000 jobs, including 15,000 direct and 7,00...

PTI
Ashwini Vaishnaw
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the development of National Maritime Heritage Complex (NMHC) in Lothal, Gujarat.

Around 22,000 jobs are expected to be created in the development of the NMHC project, with 15,000 direct employment and 7,000 indirect employment, as per the govt.

The project will be completed in two phases.


The Cabinet also accorded in-principle approval for Phase 1B and Phase 2, as per master plan by raising funds through voluntary resources/ contributions and their execution after raising of the funds, the central government said in a press release.

Construction of Light House Museum under Phase 1B will be funded by Directorate General of Lighthouses and Lightships (DGLL).

A separate society will be set up, for development of future phases, to be governed by a Governing Council headed by Minister of Ports, Shipping & Waterways, under Societies Registration Act, 1860 for implementation, development, management, and operation of NMHC at Lothal, Gujarat.
ADVERTISEMENT

The phase 1A of the project is under implementation with more than 60% physical progress and is planned to be completed by 2025. Phases 1A and 1B of the project are to be developed in EPC mode and Phase 2 of project will be developed through land subleasing/ PPP to establish NMHC as a world class heritage museum.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › India › Cabinet approves development of National Maritime Heritage Complex in Lothal, Gujarat
Text Size:AAA
Success
This article has been saved

*

+