PM Gati Shakti to improve ease of doing biz, unleash India’s growth potential: Industry bodies

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October 13, 2021 6:01 PM

PM Gati Shakti targets to cut logistic costs, increase cargo handling capacity and reduce the turnaround time, Modi said at a function to launch the plan.

"Its execution would lead to huge reduction in transaction costs and improvement in ease of doing business, as it is addressing a critical issue of quality infrastructure," Sood said."Its execution would lead to huge reduction in transaction costs and improvement in ease of doing business, as it is addressing a critical issue of quality infrastructure," Sood said.

Industry bodies on Wednesday said the PM Gati Shakti multi-modal connectivity plan will improve ease of doing business and unleash India’s growth potential, thereby creating jobs. Prime Minister Narendra Modi on Wednesday launched a Rs 100-lakh-crore National Master Plan for multi-modal connectivity that aims to develop infrastructure to reduce logistic costs and boost the economy.

PM Gati Shakti targets to cut logistic costs, increase cargo handling capacity and reduce the turnaround time, Modi said at a function to launch the plan.

The plan aims to lend more power and speed to projects by connecting all the departments concerned on one platform, he said.

He added that the infrastructure schemes of various ministries and state governments will be designed and executed with a common vision.

CII Director-General Chandrajit Banerjee said the proposed geospatial digital platform, which seeks to promote seamless multimodal connectivity and better intra-government coordination, is a well-timed and revolutionary initiative.

“It would spur manufacturing competitiveness by facilitating ease of doing business through improved connectivity and is a giant step towards unlocking India’s growth potential and creating jobs,” he said.

Assocham Secretary-General Deepak Sood said the launch of the PM Gati Shakti programme is a landmark policy and execution enabler for providing ultra-speed to crucial infrastructure projects as India would see a cohesive approach to a holistic development.

“The Gati Shakti programme would infuse a great sense of urgency to the USD 1.5-trillion National Infrastructure Pipeline across different sectors, be it railways, ports, airports, waterways, gas pipelines.

“Its execution would lead to huge reduction in transaction costs and improvement in ease of doing business, as it is addressing a critical issue of quality infrastructure,” Sood said.

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