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If implemented successfully, this initiative could enable first-time job seekers to find employment opportunities in their local areas, reducing the need to relocate to urban centers.
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India scored 93.5 percent in 2023 in the United Nations Economic and Social Commission for Asia Pacific's (UNESCAP) Global Survey on Digital and Sustainable Trade Facilitation vis a vis 90.3 percent in 2021.
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The 200 terminals may require around Rs 12,000 to Rs 14,000 crore private investment, a report has said
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VGGS 2024 was inaugurated by Prime Minister Narendra Modi earlier in the day.
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Goyal made the comments while addressing a seminar on 'PM Gati Shakti: Informed Decision Making for Holistic Development' organised at Mahatma Mandir convention centre here as part of the Vibrant Gujarat Global Summit 2024 which was inaugurated by Prime Minister Narendra Modi earlier in the day.
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The minister's statement highlighted that there is a detailed mapping process underway for integrated planning in economic zones, such as textile clusters, pharmaceutical clusters, and industrial corridors.
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PM Gatishakti National Mission Plan, launched on October 13, 2021, is a geographic information system-enabled platform that integrates the data on infrastructure like roads, railway lines, ports, inland waterways, telecom lines and power lines onto a single portal.
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The government aims to reduce the country’s logistics cost to 9 percent by 2024 end, Union Road Transport and Highways Minister Nitin Gadkari had said earlier. According to some estimates, India’s logistics cost at present stands at 13-14 percent of GDP.
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In October 2021, PM Gati Shakti - National Master Plan was launched with an aim to develop an integrated and planned infrastructure to reduce logistics costs.
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Economic Survey 2023: A total of Rs 1,458 crore has been spent as capital expenditure for the development of the PM Gati Shakti digital platform.
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Gandhinagar, Jan 23 The PM GatiShakti initiative will play a significant role in reducing the logistics cost, increasing efficiency and benefitting bus..
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Soon, the PM Gati Shakti portal may give limited access to private sector companies which would share information on the availability of land and clearances required to take the projects forward.
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The PM also noted that "blue economy" has become a top priority for the first time.
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The PM GatiShakti - National Master Plan (NMP) was announced last year with an aim to break departmental silos and bring in more holistic and integrated planning and execution of projects with a view to addressing the issues related to multi-modal and last-mile connectivity.
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The recently-announced National Logistics Policy, the PM Gati Shakti, and new trade deals in the offing have the ability to transform the Indian market for both Indian and foreign investors
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"The Ministry of Steel has onboarded itself on PM Gati Shakti portal (National Master Plan portal) with the help of Bhaskaracharya National Institute for Space Applications and Geo-informatics (BiSAG-N)," an official statement said.
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Replicating the concept of Vande Bharat trains, the 16-coach 'Gati Shakti' train can clock 160 kmph and will be manufactured at the Integral Coach Factory (ICF) in Chennai.
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Piyush Goyal said, "One of the examples is that we are now able to remove the scenario of projects becoming stalled owing to the crossing of forest and train lines."
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Piyush Goyal said at the Forbes India Leadership Awards 2021-22 that the government had succeeded in restoring India's place at the centre of the global economy and establishing it as a trusted partner of economies throughout the world.
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The proposed investments include Rs 3,196 crore to build the second phase of the fourth container terminal. The first phase was completed in December 2018, building a 30 mtpa terminal at an investment of Rs 4,719 crore.
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Budget 2022: She also further apprised that 100 PM Gati Shakti Cargo terminals will be developed during the next 3 years and there will implementation of innovative ways for building metro systems.
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Notwithstanding the global slowdown and the COVID-19 pandemic, total foreign direct investments into India rose to a record $81.72 billion in 2020-21.
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Launching the Gati Shakti initiative, PM Modi said that due to the wide gap between macro planning and micro implementation, problems of lack of coordination, lack of advance information, thinking and working in silos were leading to hampered construction and wastage of budget.
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PM GatiShakti is a National Master Plan for multi-modal connectivity to economic zones, a digital platform which will bring 16 ministries including rail and roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects
