PM Gati Shakti National Master Plan Marks Three Years of Transformative Infrastructure Growth
Team Finance Saathi
23/Oct/2024

What's covered under the Article:
PM Gati Shakti celebrates its third anniversary, highlighting significant advancements in India’s infrastructure development.
The initiative has evaluated over 208 major projects worth more than US$ 180 billion, focusing on last-mile connectivity.
Future plans include district-level projects, smart city development, and the establishment of a decentralized planning portal.
As India marks the third anniversary of the PM Gati Shakti National Master Plan, the initiative's transformative impact on infrastructure development is becoming increasingly evident. Launched with the vision to create a more coordinated, efficient, and integrated approach to infrastructure, PM Gati Shakti emphasizes multi-modal connectivity, bringing together road, rail, air, and waterways to enhance the overall transportation ecosystem.
To date, the initiative has assessed over 208 major infrastructure projects valued at more than US$ 180 billion. One of its core objectives is to address critical gaps in infrastructure, particularly focusing on last-mile connectivity for essential sectors such as coal, steel, fertilizers, and food distribution.
The Ministry of Road Transport and Highways (MoRTH) has ambitious plans to develop over 8,891 km of new roads, while the Ministry of Railways has outlined an extensive network expansion with more than 27,000 km of new railway lines. This level of investment is expected to drive growth at a compound annual growth rate (CAGR) of 15.3% over the next five years, with cumulative spending projected to reach an impressive US$ 1.45 trillion.
Looking ahead, PM Gati Shakti intends to sharpen its focus on district-level projects and smart city development, promoting inclusive growth across all regions of India. Discussions are underway to establish a PM Gati Shakti District Master Plan portal, which aims to decentralize infrastructure planning and empower local authorities to prioritize their specific needs effectively.
The success of the Gati Shakti initiative has also garnered international interest, with neighboring countries such as Nepal, Bangladesh, and Sri Lanka eager to adopt various aspects of this comprehensive plan. As India positions itself as a global leader in infrastructure development, the PM Gati Shakti National Master Plan is set to play a pivotal role in realizing the Viksit Bharat Vision, laying a strong foundation for India’s transition to a developed nation by 2047.
In conclusion, the PM Gati Shakti initiative is not just about building roads and railways; it embodies a holistic approach to infrastructure development that is essential for fostering economic growth, enhancing connectivity, and ultimately improving the quality of life for all citizens. By focusing on multi-modal connectivity and addressing infrastructure gaps, India is on a promising path toward a more integrated and prosperous future.
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As PM Gati Shakti continues to evolve, its comprehensive strategy will be crucial in unlocking India’s vast potential and ensuring sustainable growth for generations to come.