15 Nov 2024        14:49:06 pm

Government Schemes

PM Gati Shakti initiative

Tags : PM Gati Shakti initiative

Topic: Infrastructure

Why in the news?

• The 82nd meeting of the Network Planning Group (NPG) under the PM GatiShakti initiative was held to evaluate key infrastructure projects across India. 
• Representatives from project proponents, Bhaskaracharya National Institute for Space Applications and Geoinformatics(BISAG-N), and nodal officers from respective States participated, focusing on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP).

Source: PIB

About PM Gati Shakti initiative:

• It was launched in 2021.
• It is a National Master Plan for multi-modal connectivity that will incorporate the infrastructure schemes of various Ministries and State Governments like Bharatmala, Sagarmala, inland waterways, dry/land ports, UDAN etc. 
• Under the programme, 100 critical infrastructure gap projects have been prioritized in FY24 for development with a budgetary allocation of Rs. 75,000 crores.
• Objectives of PM Gati Shakti Master Plan:
  • Integrated planning and coordinated implementation of infrastructure connectivity projects. For example: Centralized portal to include all the updates regarding existing and planned initiatives of various Ministries and Departments.
  • Multi-modal seamless connectivity for movement of people, goods and services, facilitating the last mile connectivity. For example: 400 Vande Bharat trains are to be manufactured and 100 PM Gati Shakti Cargo Terminals are to be built.
  • Reducing logistics costs by filling critical infrastructure gaps, thus improving supply chains. For example: the Indian government has a vision of bringing down logistics costs from 13% to 7.5% of GDP.
  • Making India the Business capital of the world by enhanced multimodal connectivity, reduced logistics cost and providing proper linkages between local industry & and consumers. For example: Economic Zones like pharmaceutical clusters, defense corridors, electronic parks, industrial corridors, and agri-zones will be covered to improve connectivity.
• Significance:
  • Boost to economic growth due to enhanced connectivity, reduced logistics cost and increased business opportunities.
  • Investment opportunities will gather up due to the improved state of infrastructure, ease of doing business and enhanced connectivity.
  • Employment generation, particularly in infrastructure, logistics and economic clusters, is accompanied by economic growth and increased private investment.
  • Reduction in regional disparity due to increased investment and economic activity in underdeveloped regions, led by improved connectivity and accessibility.
  • Ease of living will improve for common people due to improved connectivity, reduced transportation costs and new job opportunities.
• This programme aims to boost India\'s economic growth and achieve its ambitious economic goals by improving transportation and logistics infrastructure. 

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