PM Modi hails Gati Shakti NMP as supply chain’s driving force at the Post Budget Webinar

The post-Budget webinar on the subject of ‘Infrastructure and Investment: Improving logistic efficiency with PM Gatishakti National Master Plan’ was held on 4th March and Prime Minister Narendra Modi seemed elated as he hailed the PM Gati Shakti Master Plan as a critical tool that integrates economic and infrastructural planning with development.

“Gati Shakti National Master Plan is going to change the face of India’s infrastructure and its multimodal logistics,” he said as he addressed the participants of the Webinar. He also said that the transformation of India’s supply chain sector is evident on the back of the NMP.

Modi said that this year’s Budget took an important step by identifying critical infrastructure projects and allocating them ample funds, which will eventually reduce the country’s logistics cost with major improvement in infrastructure. It should be noted that a reduced figure for logistics cost will make Indian goods more competent in international markets. This reduction shall be fueled further by improved ease of doing business.

The Budget 2023-24 evidently gave more charge and freedom to individual states by providing a one year extension on up to 50-year interest-free loans and an increased budgetary expenditure. The PM said that appropriate infrastructure is critical to sustainable development of the country.

The webinar was organised by the Ministry of Road Transport and Highways (MoRTH) as the lead ministry, in association with the Department for Promotion of Industry and Internal Trade (DPIIT), the ministry of commerce and industry as the co-lead ministry. The discussion after the PM’s address to the audience was chaired by Sumita Dawra, Special Secretary Logistics, DPIIT.

Hundreds of stakeholders attended the webinar including more than 700 CEOs and MDs. The Prime Minister expressed confidence that all the sector experts and various stakeholders will make this webinar successful and effective. It was structured in the format of plenary inaugural and concluding sessions and split into three parallel breakout sessions, which discussed Budget announcements related to infrastructure and investment, their implementation and way forward.

The PM, highlighting the milestones of creating modern infrastructure by the present government, said that the average construction of national highways has nearly doubled compared to what it was before 2014. Similarly, only 600 route km of railway track was electrified per year before 2014 which is now reaching 4000 km per year. He further added that the number of airports and seaport capacity has doubled as well.

The PM emphasised that the robustness of India’s physical infrastructure is equally important for the strengthening of the country’s social infrastructure. He underlined that a strong social infrastructure will lead to more talented and skilled youth who will come forward to serve the nation.

According to the Ministry of Road Transport and Highways, the three parallel breakout sessions — “Improving Logistics Efficiency via Multi-Modality and Filling Critical Infrastructure Gaps”, anchored by the Ministry of Ports, Shipping and Waterways; “Planning on PM Gati Shakti National Master Plan”, anchored by the DPIIT and “Infrastructure Development & Investment Opportunities” — were anchored by MoRTH. (ANI)

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