Rs 100 Lakh Crore Gati Shakti, For Connectivity To Be Unveiled In September
- ByStartupStory | August 30, 2021
PM Narendra Modi announced his ambitious project, the 100 lakh crore Gati Shakti, for connectivity which is to be unveiled in September. It will offer multi-modal connectivity to more than 1,200 industrial clusters including two defence corridors across the country. This is part of the plan to reduce logistic costs and provide better connectivity. These clusters include food processing parks, electronics and medical devices, fishing clusters and harbours, besides mega textile parks. The “PM Gati Shakti National Master Plan for Multi-Modal Infrastructure Connectivity to Economic Zones” has the tagline ‘Gati se Shakti’, and will consist of projects under existing flagship schemes of different ministries such as Bharatmala, Sagarmala, Udaan, expansion of railway, waterways and Bharat Network ..
High supply chain and logistics cost make Indian products less competitive in the global market. The current supply chain and logistics costs in India account for around 14% of the country’s GDP compared to the global average of approximately 8%. Modi on August 15 had announced that the total size of the Gati Shakti project would be Rs 100 lakh crore for developing holistic infrastructure. The aim of the project will be on improving efficiency by optimizing the necessary infrastructure. While the project will be spearheaded by the logistics division in the commerce ministry, there will be an empowered group of secretaries headed by Cabinet Secretary to look over the implementation of major plans.
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