55 Central Ministries will spend 10% of their budget on improving Logistics Infrastructure in North East, said Dr. Rajkumar Ranjan Singh, Minister of State of External Affairs.
Mr. Ranjan said, “NE seeing the dawn of new hopes and opportunities for becoming the manufacturing hub of the country with PM GatiShakti with world class seamless multimodal connectivity being implemented. “
On Tuesday, the first edition of the North East Logistics Conclave was held in Guwahati, organized by the Confederation of Indian Industry (CII) in association with DPIIT.
As per the union minister, PM GATISHAKTI would ensure world-class seamless multimodal connectivity providing complete information on resources, manpower, and infrastructure projects in the northeast. This would lower the cost overruns for the infrastructure project being implemented which would track timely implementation, he said adding that the implementation of gati shakti would also provide access to difficult areas in the northeast through technological intervention and policy initiative giving a massive boost to the 200 billion logistics economy in the region.
He further mentioned that the PM has identified 55 central ministries to spend 10% of their budget on improving Logistics Infrastructure in North East.
Currently, the Ministry of external affairs is in close working relationships with the neighboring nation Bangladesh to improve rail, air, road, and water connectivity. Making this connectivity between NE and Bangladesh in a speedy manner would be part-breaking in the region and will contribute to India’s economy immensely.
Bimal Borah minister of industries and commerce, the government of Assam mentioned that PM Gatishakti will accelerate the project of peace and development in the region. He mentioned that Assam is proposing to set up the second logistics part at Silchar after Jogigopa.
The government has already earmarked 15% of the land for logistics development in Assam-the only state in the country with a dedicated logistics department.
Santana Chakma, Minister for Industry & Commerce, Social Welfare & Social Education, Government of Tripura stated that Tripura has been identified as the first mover State in terms of implementing logistics Policy. She mentioned that the State is coming up with the Logistics Policy soon. An amount of 35 crores has been sanctioned for infrastructure for industrial estates and infrastructure state logistics under the state action plan.
R Dinesh, President Designate, CII, and Executive Vice Chairman, TVS Supply Chain Solutions Limited reiterated that the announcement of the PM Gati Shakti and the National Logistics Policy is likely to bring down the cost of doing business in the North East. North East with a pool of educated youth can avail technology for reaching the global market. The supply chain needs to be strengthened for the ease of doing business in the North East.