1,300 projects listed under PM GatiShakti
National Master Plan helped various Ministries in identification and prioritization of critical gap infrastructure projects for 2023-24 fiscal
image for illustrative purpose
Infra Boost
- Budget 2023-24 allocated Rs75,000 cr for 100 transport infra projects
- It’ll help improving last and first mile connectivity for ports, coal, steel, fertilizer, and food grains sectors
- Pharma Dept completed 129 pharma clusters and 23 medical device cluster projects
The Centre has uploaded 1,463 data layers from the Central Ministries and States and UTs. It has also succeeded in onboarding 39 Ministries and 36 States and Union Territories (UTs) on the PM GatiShakti National Master Plan (NMP), official sources told Bizz Buzz.
The NMP has helped various Ministries in the identification and prioritization of critical gap infrastructure projects for 2023-24 fiscal. It may be pointed out that Budget 2023-24 had allocated Rs75,000 crore for 100 critical transport infrastructure projects for the last and first mile connectivity for ports, coal, steel, fertilizer, and food grains sectors. In fact, the government is emphasizing a great deal on first and last mile connectivity.
More than 1,300 infrastructure projects have been envisaged as part of the PM GatiShakti initiative across Ministries and Departments for comprehensive infrastructure planning to ensure inclusive growth, the sources said.
An integral part of infrastructure development is the mapping of existing and proposed economic zones on NMP such as PM MITRA Parks under the Ministry of Textiles and Mega Food Parks under the Ministry of Food Processing Industries.
The Ministry of Textiles has mapped eight sanctioned PM Mitra Parks on the NMP portal, whereas the Department of Animal Husbandry & Dairying has mapped all training institutes across the country. The Department of Pharmaceuticals has successfully completed 129 pharma clusters and 23 medical device cluster projects.
The government’s emphasis on infrastructure development reflected in Budget 2023-24, which extended the continuation of the 50-year interest-free loan to state governments for one more year. It incentivized them for complementary policy actions.
This was apart from increasing the Centre’s capital investment outlay by 33 per cent to Rs10 lakh crore, amounting to 3.3 per cent of GDP.
In November 2022, the National Investment and Infrastructure Fund was set up as a collaborative investment platform between the Government of India, global investors, multilateral development banks, and domestic financial institutions to facilitate investment across multiple sectors through an India Japan Fund.
