INSUBCONTINENT EXCLUSIVE:
GatiShakti Master Plan will boost economic growth, finance minister Nirmala Sitharaman saidNew Delhi: Finance minister Nirmala Sitharaman
said that PM GatiShakti National Master Plan is a transformative approach which will boost economic growth and sustainable development.In
her budget speech in Lok Sabha, Ms Sitharaman said, "PM GatiShakti is a transformative approach for economic growth and sustainable
encompass the seven engines for economic transformation, seamless multimodal connectivity and logistics efficiency
It will also include the infrastructure developed by the state governments as per the GatiShakti Master Plan
The focus will be on planning, financing including through innovative ways, use of technology, and speedier implementation.The projects
minister said in her budget speech.The PM GatiShakti Master Plan for expressways will be formulated in 2022-23 to facilitate the faster
movement of people and goods
The national highways network will be expanded by 25,000 km in 2022-23, she added.The FM further said Rs 20,000 crore will be mobilised
through innovative ways of financing to complement the public resources.The data exchange among all mode operators will be brought on the
Unified Logistics Interface Platform (ULIP), designed for application programming interface (API).This will provide for efficient movement
of goods through different modes, reducing logistics cost and time, assisting just-in-time inventory management and eliminating tedious
documentation, Ms Sitharaman added.This will provide real-time information to all stakeholders and improve international competitiveness
Open-source mobility stack, for organising seamless travel of passengers, will also be facilitated, said the finance minister during her
speech.Contracts for the implementation of multimodal logistics parks at four locations through the PPP mode will be awarded in
2022-23.Railways will develop new products and efficient logistics services for small farmers and small and medium enterprises
It will also take the lead in the integration of postal and railways networks to provide seamless solutions for the movement of parcels, she
