PM Gati Shakti to help achieve India's aim of USD 5 Trillion economy

Tags: Government Schemes National News

Minister of State for Commerce and Industry Som Prakash has said that PM Gati Shakti National Master Plan will help in achieving India's goal of a five trillion dollar economy.

• About PM Gati Shakti Master Plan 

• In October 2021, the government announced the PM Gati Shakti programme.

• It will bring 16 Ministries together for integrated planning and implementation of infrastructure connectivity projects.

• It is multi-modal connectivity and will help in improving global competitiveness, boost manufacturing and modernise infrastructure in the country.

• Its targets are to cut logistic costs, increase cargo handling capacity and reduce the turnaround time.

• Economic zones like Textile Clusters, Pharmaceutical Clusters, Defence Corridor, Electronic Park, Industrial Corridor, Fishing Clusters, Agri Zone will be covered under this program to improve connectivity.

• Significance

• It will give a boost to the overall infrastructure of the country.

• It will strive to build next generation infrastructure that improves ease of living as well as ease of doing business.

• It will provide integrated and seamless connectivity for movement of people, goods and services as a mode of transport.

• It will create many employment opportunities and boost the economy.

• It will improve the global competitiveness of local products by cutting logistics costs and improving the supply chain.