Pradhan Mantri Gati Shakti

On the occasion of India’s 75th Independence Day, it was announced that the center would launch the Pradhan Mantri Gati Shakti Master Plan. It is a 100 lakh crore rupee project to develop infrastructure which is holistic.

Highlights

This project will be worth Rs 100 Lakh crore with the aim to develop holistic infrastructure in the country. It is expected to be the source of employment opportunities for young people of the nation in the future. The aim of the plan is to create a foundation for a holistic infrastructure and give the nation’s economy an integrated path.

Objectives of Pradhan Mantri Gati Shakti

• Facilitate networking and shorten travel times between roads, railways, air and waterways.
• Improve industrial productivity.
• It will open opportunities to promote future economic zones and create jobs.
• It will help raise the global profile of local manufacturers and help them compete with their counterparts around the world.

Significance of this plan

Improving the competitiveness of local Indian manufacturers in the global economy, helping them compete with their counterparts around the world. Investments in infrastructure development have a multiplier effect with every rupee invested, resulting in much higher returns. It also opens up opportunities for future new economic zones.

Focus area of this plan

Its aims for the creation of simpler networks between railways, roads, waterways and air to improve industrial productivity and reduce travel time. The goal is to break down silos within the transportation network to reduce travel time and improve industrial productivity. This plan also aims to target and make production globally competitive, improve industrial productivity, create jobs and facilitate future economic zones.