Today, India has emerged as the world’s third biggest startup nation: PM Modi
In just four years, India has jumped 24 places to reach 57th spot in the Global Innovation Index: PM Modi
In the last three-four years, over 15,000 start-ups have been recognised in the country: PM Modi

I sincerely compliment all you young colleagues who are diligently working towards the resolve of New India, Smart India!

This is the third opportunity which has provided me a platform to connect with you all through ever evolving technology interface. Since the inception of this campaign in 2017, the scope of this has only been expanding continuously.

Friends, Smart India Hackathon has emerged as one of the largest “Open Innovation Model” at the national level which amalgamates a large number of industries, educational institutions, government agencies, professionals and students who work together on the same platform. Starting with 30 thousand students, this Hackathon has reached a partnership of 2 million today. Today I can vouch that our efforts arein the right earnest, and we are progressing in the pertinent direction.

Friends, many innovative ideas have emerged from the previous two editions of the Hackathons. Prior to this, only problems faced by government and government institutions were included in these Hackathons, but this time the industry has also put forth their problems to you.

This will definitely increase the scope of your efforts, and bring you more recognition in the market/enhance your market value as an Innovator. Friends, our economy is running onward on a new track. The New India, which we all are aiming to establish, is fast becoming a force to reckon with in the world of Innovation and Start-Up.

Today, in the scale of Global Innovation Index, we are ranked at number 57, whereas we stood at 81 in 2014. That clearly shows it catapulted in four years. We are not in any mood to stop here, as very soon we have to achieve a reckoning in top-25. India is the world's third largest start-up nation today. In the last 3-4 years, over 15 thousand Start-ups have been recognized. These are not limited to big cities, but are spread in almost every district of the country. It is epochal that more than fifty percent of the new start-ups are from smaller towns in the country.

Likewise, the number of start ups in over 150 technology business incubators of the country has reached three thousand this year from 1600 three years ago. That is double the numbers. Friends, it is the result of several concerted and concrete efforts that today there is a positive environment for Innovation and Start-ups.

You all are familiar with the Atal Incubation Mission. Under this scheme, Atal Tinkering Labs are already operational today in more than 5000 schools across the country, where students are directly acquainted with Future emerging Technologies from as early as Sixth grade. Friends, along with the challenges faced in governance and industry which have already been posed in front of you, I also personally solicit your support on a few of other issues.

Today, crime against children and women is a major challenge. To build a better society, it is very important to deal with it. Can you think of such a technical solution, where an integrated system of monitoring/tracking children from home to school and school to home can be made possible? Along with school and home, this system makes possible to activate the local police station and petrol vans in real time. This type of integrated and smart system, which is easily accessible and affordable by the lowest income family, is the need of the hour and shall prove very helpful to the country and society.

Similarly, can we evolve a technical solution like e-marketplaces for the local fruits and vegetables vendors who operate from the streets, which eases their system of home delivery at a very local level?

Friends, we need to make Smart India Hackathon very robust and establish it as a continuous process rather than relegating it to a mere annual activity. It should continue round the year so that any industry or department can pose their problem and motivate problem solvers to engage proactively by declaring an award for successful solutions. I believe that many young people like you will be inspired to join it and will be able to solve problems too.

I have full faith in all of you, on each and every youth of this country. All of you are the pillars of the confident New India.

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୭୮ତମ ସ୍ୱାଧୀନତା ଦିବସ ଅବସରରେ ଲାଲକିଲ୍ଲାରୁ ପ୍ରଧାନମନ୍ତ୍ରୀ ଶ୍ରୀ ନରେନ୍ଦ୍ର ମୋଦୀଙ୍କ ଅଭିଭାଷଣ

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୭୮ତମ ସ୍ୱାଧୀନତା ଦିବସ ଅବସରରେ ଲାଲକିଲ୍ଲାରୁ ପ୍ରଧାନମନ୍ତ୍ରୀ ଶ୍ରୀ ନରେନ୍ଦ୍ର ମୋଦୀଙ୍କ ଅଭିଭାଷଣ
India's financial ecosystem booms, to become $1 trillion digital economy by 2028

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India's financial ecosystem booms, to become $1 trillion digital economy by 2028
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Cabinet approves Chennai Metro Rail Project Phase II
October 03, 2024
Phase II will comprise 128 stations with new lines of 118.9 km enabling total Metro Rail Network of 173 kms in Chennai
Financial implications will be Rs.63,246 crore
Commuter friendly multi-modal integration at 21 locations
Approved corridors connect North to South and East to the West of Chennai

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal of the Ministry of Housing & Urban Affairs for Chennai Metro Rail Project Phase-II comprising three corridors. The total length of the approved lines will be 118.9 km with 128 stations.

The project completion cost is Rs.63,246 crore and is planned to be completed by 2027. Once Phase-II is fully operational, the Chennai city will have a total Metro Rail network of 173 Km. The Phase II Project comprises following three corridors:

Corridor-(i): from Madhavaram to SIPCOT for a length of 45.8 Km with 50 stations.
Corridor-(ii): from Lighthouse to Poonamalle Bypass for a length of 26.1 Km with 30 stations, and
Corridor-(iii): from Madhavaram to Sholinganallur for a length of 47 Km with 48 stations.

Once Phase-II is fully operational, the Chennai city will have a total Metro Rail network of 173 Km.

Benefits and Bolstering Growth:

The Phase-II of Chennai Metro Rail Project represents a significant advancement in the city's infrastructure development. Phase-II acts as a major expansion of the Metro Rail Network in the city.

Enhanced Connectivity: Phase-II will add approximately 118.9 Km of new metro lines. The Corridors of Phase-II connects North to South and East to the West of Chennai passing through the major influence areas at Madhavaram, Perambur, Thirumayilai, Adyar, Sholinganallur, SIPCOT, Kodambakkam, Vadapalani, Porur, Villivakkam, Anna Nagar, St. Thomas Mount connecting large number of industrial, commercial, residential and institutional establishments and also provides effective Public Transport for the work force engaged in these clusters and connectivity to various parts of the city. It will extend connectivity to rapidly growing areas like Sholinganallur, which serves as a hub for the south Chennai IT corridor. By connecting Sholinganallur via ELCOT, the metro corridor will cater to the transportation needs of the burgeoning IT workforce.

Reduction in Traffic Congestion: Metro Rail as an efficient alternate road transport and with Phase-II as an extension to the Metro Rail network in the Chennai city is expected to alleviate traffic congestion and will be particularly impactful on heavily congested routes of the city. Reduction in road traffic can lead to smoother movement of vehicles, reduction in travel time, increasing overall road safety etc.

Environmental Benefits: With the addition of Phase-II Metro Rail Project and increase in overall Metro Rail Network in Chennai city, can significantly reduce carbon emissions compared to traditional fossil fuel-based transport.

Economic Growth: Reduced travel times and improved access to different parts of the city can enhance productivity by allowing individuals to reach their workplaces more efficiently. The construction and operation of Phase-II will generate numerous jobs in various sectors, from construction workers to administrative staff and maintenance personnel. Also, the enhanced connectivity can stimulate local businesses, especially in areas near new metro stations which can also attract investment and development in previously less accessible regions.

Social Impact: The expansion of Phase-II Metro Rail network in Chennai will provide more equitable access to public transport, benefiting diverse socio-economic groups and reducing transport disparities which will contribute to a higher quality of life by reducing commute times and improving access to essential services.

The Phase-II Chennai Metro Rail Project is set to be a transformative development for the city. It promises to deliver enhanced connectivity, reduced traffic congestion, environmental benefits, economic growth, and improved quality of life. By addressing key urban challenges and providing a foundation for future expansion, Phase-II will play a crucial role in shaping the city's development trajectory and sustainability.