PM Gati Shakti: Approval Recommended for 100 Infrastructure Projects Worth Rs 5.89 Lakh Crore This Fiscal Year

PM Gati Shakti

PM Gati Shakti: 100 infra projects worth Rs 5.89 lakh crore recommended for approval

New Delhi, August 29, 2023 — The Prime Minister’s ambitious Gati Shakti initiative is making significant strides towards propelling India’s infrastructure development forward. As of the current fiscal year, recommendations for approval have been put forth for an impressive 100 infrastructure projects with an estimated combined worth of Rs 5.89 lakh crore.

The initiative, which aims to revitalize the nation’s transportation and logistics sector, is set to foster economic growth and connectivity across the country.

Announced by Prime Minister Narendra Modi, the Gati Shakti program is designed to optimize India’s transportation networks, bridging gaps and enhancing the efficiency of movement of goods and people. The projects recommended for approval encompass a diverse range of sectors, including roads, railways, ports, airports, and digital connectivity.

In a statement, a spokesperson from the Prime Minister’s Office (PMO) said, “The response to the Gati Shakti initiative has been overwhelming, reflecting the urgency and significance of transforming India’s infrastructure landscape.

The 100 projects recommended for approval demonstrate a commitment to invigorating key sectors, improving connectivity, and fostering economic development.”

The Gati Shakti initiative is underpinned by a comprehensive approach that integrates various modes of transportation, streamlines logistics, and leverages modern technology for seamless movement of goods and people. By optimizing the efficiency of transportation networks, the initiative is poised to reduce costs, accelerate delivery times, and enhance overall economic competitiveness.

Experts suggest that the multi-dimensional nature of the Gati Shakti initiative holds the potential to not only drive infrastructure development but also generate employment opportunities and stimulate industries related to construction, manufacturing, and services.

The projects recommended for approval showcase the government’s commitment to catalyzing sustainable development while keeping environmental concerns in mind.

The integration of sustainable practices is expected to minimize the ecological impact of infrastructure projects, aligning with India’s broader sustainability goals.

As India looks ahead to a future of enhanced connectivity and economic growth, the Gati Shakti initiative stands as a cornerstone of this transformative journey.

The approval recommendations for 100 significant infrastructure projects mark a significant milestone, setting the stage for a more connected, efficient, and prosperous India.

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