PM GatiShakti: 396 infra projects worth Rs 18.66 lakh crore recommended for approval
Nearly four hundred infrastructure projects have been recommended for approval under the PM GatiShakti initiative. These projects, valued at approximately eighteen lakh crore rupees, aim to boost national connectivity. The Network Planning Group has evaluated these proposals, with many already sanctioned and under implementation. This initiative seeks to integrate infrastructure and reduce…
The Union Cabinet has approved 396 infrastructure projects, valued at Rs 18.66 lakh crore, under the recently launched PM GatiShakti initiative. These projects, spanning various ministries, were recommended by the Network Planning Group (NPG) for evaluation. Of the total projects, 256 have been sanctioned, and among them, 198 are currently under implementation.
Launched on October 13, 2021, the PM GatiShakti initiative aims to create an integrated infrastructure network to reduce logistics costs. The initiative focuses on developing seamless and fast connectivity across the country. On the 80th Independence Day, Prime Minister Narendra Modi highlighted the importance of focusing on connectivity during his address from the Red Fort.
Experts have emphasized that Gati Shakti should not only connect cities and ports but also ensure a smooth journey from the factory gate to the consumer doorstep. This entails integrating multimodal infrastructure with real-time visibility, intelligent routing, and predictable last-mile execution, according to Suryansh Jalan, Chief Business Officer at FarEye.
The initiative has opened a portal for the private sector to participate in the PM Gati Shakti framework, which may help reduce the cost of movement, enhance the competitiveness of Indian businesses, and transform India's logistics network into a strategic economic advantage.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
