Sethusamudram Corporation Limited: Today the Union Cabinet can take an important decision, which has a lot of symbolic significance politically. PM Narendra Modi In the meeting to be chaired by PM Narendra Modi, the cabinet can decide to close Sethusamudram Corporation Limited. The company was formed in December 2004, especially during the UPA government, to complete the Sethusamudram Project.
What was the Sethusamundram Project?
The Sethusamundram project was started to reduce the distance of sea traffic between the western and eastern seaboards of India. For this, there was a plan to build a sea channel between the Bay of Mannar and the Bay of Bengal through the Palk Strait, on which work had already started. The Palk Strait is the sea area between India and Sri Lanka. The total budget for the construction of this sea channel to be made like the Suez Canal was about 2500 crores.
Controversy happened over Ram Setu
To complete the project, there was a need to demolish the mythological ram setu, about which a big political controversy then arose. According to mythological belief, Ram Setu is a bridge between India and Srilanka which was built by Lord Rama for the victory of Lanka. In such a situation, after the dispute escalated, the matter reached the Supreme Court and the court, while banning the project, asked the government to find an alternative way for the project. Since then the work on this project has been completely stopped.
However, the biggest political controversy regarding this project started when the Congress-led UPA government gave an affidavit in the Supreme Court that Ramsethu is just a fictional thing. And so there is no problem with the project. By the way, when the dispute escalated, the government took a U turn by giving a new affidavit. The project went into cold storage, but since then there has been a demand to declare Ram Setu as a monument of national importance and the matter is currently pending in the court.