Infrastructural development to lead economic growth: PM on Gatishakti plan

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Pic Credit: Republic world

While addressing a webinar on the north-east zonal conference for ‘Gatishakti’ on Monday, Prime Minister Narendra Modi talked about this year’s budget and plan Gatishakti which will lead to new developmental opportunities.

PM in his speech claimed that this direction of ‘infrastructure-based development’ will lead to an extraordinary increase in the strength of our economy, creating many new possibilities of employment. This conference for PM Gatishakti (PMGS) was organized by the ministry of petroleum and natural gas.

Further, emphasizing PMGS and Unified Logistic Interface Platform’ (ULIP), Pm said, “even today, the logistic cost in India is considered to be 13 to 14% of GDP. this is more than other countries. PM Gatishakti has a huge role in improving infrastructure efficiency.” Further, he added, “24 digital systems of 6 ministries are being integrated through ULIP. this will create a national single window logistics portal which will help in reducing the logistics cost.”

Assam chief minister Dr Himanta Biswa Sarma, Union Minister for petroleum and natural gas and housing and urban affairs, Hardeep Singh Puri, Union Minister of state for petroleum and natural gas and labour and employment, Rameswar Teli and many others took part in the meeting. Representatives from various infrastructure ministries of the central government, north-eastern states, and other stakeholders also attended the conference.

Later during the conference Union Minister Hardeep Puri praised the PMGS. He said, “through this breakthrough master plan, major projects across sectors like petroleum, railways, highways, utilities etc. will share a unified vision for accelerated and efficient execution.”

Talking about Northeastern industrial development, he said, “oil production from the north-eastern region (NER) is expected to increase by 67% from 4.11 million metric tonnes (MMT) in 2020-21 to 6.85 MMT in the next 4 years.” He further added that the area under exploration in the region is going to double in near future, with crude production expected to go up by 45% in 4 years, and gas production by about 90% in the same period.

Prime Minister Narendra Modi launched PM Gati Shakti – National Master Plan for Multimodal Connectivity in October 2021. It is a digital platform that aims to bring 16 Ministries including Railways and Roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects.

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