PM Gati Shakti – National Master Plan is a comprehensive initiative launched by the Government of India to enhance the efficiency and coordination of infrastructure projects across the country. It aims to integrate various modes of transportation and logistics, streamline project implementation, and boost economic growth.
Key Objectives:
- Integrated Planning: To create a centralized platform for planning and coordinating infrastructure projects across different ministries and states.
- Efficient Execution: To reduce delays and cost overruns by improving project implementation and monitoring processes.
- Economic Growth: To support economic growth by improving connectivity and logistics, making India a more attractive destination for investment.
Key Components:
- Digital Platform: A Geographic Information System (GIS)-based digital platform to provide real-time data and analytics for efficient project planning and execution.
- Multi-Modal Connectivity: Integrating different modes of transport such as roads, railways, airports, ports, and waterways to create a seamless logistics network.
- Holistic Infrastructure Development: Focusing on comprehensive infrastructure development, including industrial corridors, economic zones, defense corridors, and logistic parks.
Significance:
- Economic Efficiency: Enhances the efficiency of the logistics sector, reducing transportation costs and time.
- Boosts Investment: Attracts both domestic and international investments by providing better infrastructure.
- Employment Generation: Creates job opportunities through the development of infrastructure projects.
- Improves Competitiveness: Enhances India’s global competitiveness by improving the ease of doing business and logistics performance.
Challenges:
- Coordination: Ensuring effective coordination among multiple stakeholders, including central and state governments, and private players.
- Data Management: Maintaining accurate and updated data for real-time decision-making.
- Implementation: Overcoming bureaucratic hurdles and ensuring timely execution of projects.
Expected Outcomes:
- Reduced Logistics Costs: Lowering the cost of logistics from the current 13-14% of GDP to about 8% in the future.
- Improved Connectivity: Better connectivity across regions, promoting balanced regional development.
- Enhanced Productivity: Increased productivity and competitiveness of Indian industries through improved infrastructure.
PM Gati Shakti aims to transform India’s infrastructure landscape, making it more efficient and conducive to economic growth, and positioning India as a global logistics hub.