PM Gati Shakti to kick start virtuous cycle of investment: Piyush Goyal

For years, one of the country’s finest ports, JNPT, had “very bad” connectivity because of “bad” planning and that is what this government is trying to change with this initiative, said Piyush Goyal

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Piyush Goyal | Commerce ministry | PM Gati Shakti Master Plan

The PM Gati Shakti initiative will facilitate last mile connectivity and kick start a virtuous cycle of private and public investment which will have a multiplier impact on the economy, Commerce and Industry Minister Piyush Goyal said on Monday.

The PM Gati Shakti – National Master Plan was announced last year to break departmental silos and bring in more holistic and integrated planning and execution of projects with a view to addressing the issues of multi-modal and last-mile connectivity.

He said it is a one nation, one master plan to facilitate prioritisation, optimisation and synchronisation.

This will help us bring down logistics costs comparable to the best in the world, Goyal said, adding it has an ability to help industries locate factories of the future, and enable centre and states to plan utilities.

“It will help implement a holistic approach for ease of living and ease of business,” Goyal said while addressing a webinar on PM GatiShakti: Creating Synergy for Accelerated Economic Growth.

For years, one of the country’s finest ports, JNPT, had “very bad” connectivity because of “bad” planning and that is what this government is trying to change with this initiative, the minister said.

The lack of coordination between the centre and states and uneven growth across India will change with this plan, he added.

This platform, he said, can help speed up processes, reduce cost-overruns and improve quality of work.

“It will create a seamless project management process…The PM Gati Shakti envisions an acceleration to the Indian economy and thereby the entire nation through seven engines of progress – roads, railways, airports, ports, waterways, mass transports, and logistics infrastructure,” he said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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