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DAILY NEWS ANALYSIS

  • 01 November, 2021

  • 5 Min Read

PM Gati Shakti Master Plan

  • On India’s 75th Independence Day, the Prime Minister announced that the Centre will launch ‘PM Gati Shakti Master Plan’.
  • It is a 100 lakh crore Infrastructure plan for developing ‘holistic infrastructure’.
  • The plan is aimed at easier interconnectivity between road, rail, air and waterways to reduce travel time and improve industrial productivity.
  • The push for infrastructure is in line with the government’s efforts to step up capital expenditure in infrastructure to promote economic growth.

Significance of the project

  • The project will be a source of employment opportunities for the youth in future.
  • Infrastructure development has the ability to create a multiplier effect with every rupee invested, yielding much higher returns.
  • It will help raise the global profile of local manufacturers and help them compete with their counterparts worldwide.
  • It also raises possibilities of new future economic zones.
  • It is also help to increase both manufacturing and exports.

Source: PIB


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