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00:00We have a nuclear submarine like the Indian Navy and the INS Arihant and the INS Arihant.
00:10I would like to congratulate all the three armed forces of the country from the bottom of my heart.
00:24Today, India's defence production has exceeded Rs. 1.25 lakh crores.
00:32We are exporting defence equipment to more than 100 countries.
00:39I am confident that with your cooperation, India will quickly transform its defence sector.
00:52Friends, with the expansion of India's military, economic development is also opening new doors.
01:05For example, the shipbuilding ecosystem.
01:11As many of you know, experts also say that the amount of investment in shipbuilding has a two-fold positive impact on the economy.
01:30That is, if we invest Rs. 1 in shipbuilding, then there is a circulation of Rs. 1.82 in the economy.
01:43Just think, there are 60 large ships under construction in the country.
01:52Their value is around Rs. 1.5 lakh crores.
01:57That is, by investing so much money, the circulation of Rs. 3 lakh crores will be in our economy.
02:10And in the case of employment, it has a six-fold multiplier effect,
02:17where most of the goods, most of the parts, come from the country's MSMEs.
02:27Therefore, if 2,000 workers are involved in the construction of a ship,
02:35then in the second industry, the MSME supplier, in that MSME sector, around 12,000 jobs are created.
02:47Friends, today India is rapidly moving towards becoming the third largest economy in the world.
03:00Our manufacturing, our exporting capacity is also continuously increasing.
03:08In the coming years, India will need hundreds of new ships, new containers.
03:17Therefore, this model of port-laid development is going to speed up our economy.
03:25It is going to create thousands of new jobs.
03:30Friends, how is employment increasing in this area?
03:35One example of this is the number of seafarers.
03:40In 2014, the number of seafarers in India was less than 1.25 lakh.
03:49Today, it has increased more than twice and has reached almost 3 lakh.
03:57Today, India has become one of the top five seafarers in the world.
04:04Friends, the third phase of our government has started with many big decisions.
04:12We have made new policies rapidly.
04:16We have started new projects in view of the needs of the country.
04:21We are moving towards the development of every sector of the country.
04:29The expansion of the port sector is also a part of this.
04:34One of the big decisions of our third phase was the approval of the Maharashtra Ward 1 port.
04:44The construction of this modern port has already started with the expense of 75,000 crores.
04:53This will also create thousands of new jobs in Maharashtra.