PM launches 100 lakh crore National Master Plan

New Delhi, October 13 (Agency)

Prime Minister Narendra Modi on Wednesday launched the Rs 100 lakh crore National Master Plan for ‘Multi-Modal Connectivity’, which aims to reduce the cost of ‘logistics’ and develop infrastructure to boost the economy. Speaking at the launch of the scheme, Modi said that the goal of PM Gatishakti Yojana is to reduce the cost of ‘logistics’, increase ‘cargo handling’ capacity and speed up the implementation. He said that the objective of this scheme is to give more power and speed to the projects by connecting all the concerned departments on a single platform. He said that the infrastructure schemes of various ministries and state governments would be prepared and implemented in a common way.

Modi alleged that in the past, along with slowdown in development works, taxpayers’ money was not used properly and departments used to work separately and there was no coordination among them regarding projects.

He said that development is not possible without quality infrastructure and the government has now resolved to develop it in a holistic manner.

Departments will join together for coordinated development

The Prime Minister said that the Gatishakti Master Plan links various departments for coordinated development of projects ranging from roads to railways, aviation to agriculture. He said that the high cost of ‘logistics’ in the country which accounts for 13 per cent of the Gross Domestic Product (GDP) is affecting the competitiveness in exports and PM Gatishakti aims to reduce the cost of ‘logistics’ and speed up the implementation . Modi said that this scheme will give a boost to India as an investment destination.

Get up to date latest breaking news from India and Global including current headlines on business, politics, entertainment and much more.

Latest news

Related news