PM Gati Shakti’s initiative aims to revolutionize multimodal connectivity across India

The PM Gati Shakti National Master Plan (NMP) is a transformative approach to integrated and holistic planning across all concerned ministries/departments in India. The plan aims to improve multimodal connectivity and logistics efficiency, and close critical infrastructure gaps for seamless movement of people and goods. The aim is to minimize disruptions and ensure that projects are completed on time.

Facilitate the development of a multimodal connectivity infrastructure

One of the main goals of the NMP is to facilitate the development of multimodal connectivity infrastructure for different economic zones, including ports and shipping sectors. To this end, 101 projects related to ports and shipping under the PM Gati Shakti initiative worth Rs. 60,872 crores have so far been approved for implementation. Of the 101 identified projects, 13 projects valued at Rs. 4,423 crore have already been completed.

Increased capital expenditure

In order to allow for increased capital spending by states for infrastructure development, Treasury Department of Expenditure has made an additional provision of Rs. 5000 crores for disbursement among states in long-term loans at zero interest rate. This provision is part of the Scheme for Special Assistance to States for Capital Investment for 2022-23 and aims to further the goals of the PM Gati Shakti initiative.

Initiatives to facilitate doing business

The Department of Ports, Shipping and Waterways has taken various initiatives to make doing business easier. Incentives such as the model concession contract, flexibility for concessionaires and new tariff policies have been issued, allowing for improvement in port performance in the major ports. However, no structure is envisaged under PM Gati Shakti in terms of additional incentives for a high-performing port.

The PM Gati Shakti National Master Plan is a comprehensive and integrated approach to the development of multi-modal connectivity infrastructure in India. By identifying critical infrastructure gaps and facilitating the development of multi-modal connectivity infrastructure, the initiative aims to improve logistics efficiency, minimize disruption and ensure on-time completion of projects. The additional provision of funds for infrastructure expansion by the states strengthens the initiative’s goal of improving connectivity and boosting economic growth.

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