India’s Rs 100 trillion strong plan to snatch factories from China, work will be done with speed

PM Gati Shakti Project: Half of all infrastructure projects in India are delayed and one in four have gone beyond their estimated budget. Prime minister Narendra Modi believes that technology is the solution to these problems and obstacles. Prime Minister Modi’s administration is building a digital platform under India’s Rs 100 trillion or $1.2 trillion Vishal Gati Shakti Yojana, which will see the integration of 16 ministries of the country. Their portal will enable investors and companies to provide all solutions, approvals and easy cost estimation for their projects in one place. This news has come according to the report of Bloomberg.

Make India a manufacturing hub for global companies
Amrit Lal Meena, Special Secretary, Ministry of Commerce and Industry of India says that, “Our aim is that global companies choose India as their manufacturing center and PM Gati Shakti Mission will work for this. Under this, without increasing the time and budget of the projects. The focus is on whether they can be implemented.

Why India is an attractive destination for companies
India should benefit from the early completion of projects, that too at a time when China is almost closed to the outside world. Therefore, global companies have adopted a policy of doing business with China in another country. Through this, she wants to do business expansion in a country in which both her supply chain and business can be expanded. India can be an ideal destination for this because it is not only the third largest economy in Asia, but cheap labor is available here and there are also a large number of talented English speaking workers.

Logistics network flaws to be identified
Anshuman Sinha, Partner and Transport and Infra Practice Lead, Kearney India, says that “the only way to compete with China is to be competitive in price and get political clearances quicker and easier. The project is to make the smooth movement of goods and manufactured goods from one corner to another corner of the country hassle-free.Therefore, through Gati Shakti, the logistic network should be identified and strengthened by identifying the shortcomings or shortcomings. This project will identify new production clusters which may not be available today, but will have to be seamlessly connected to the country’s railway network, shipping ports and airports.

Getting away from the portal
It is important for India to reduce red tape through technology. Amrit Lal Meena says that out of the 1300 projects currently on the Gatishakti portal, about 40 percent are pending due to lack of land acquisition, forest or environmental clearances, and due to this, the project cost increases. At least 422 projects had some problem or the other and the portal has so far resolved the problems of 200 projects.

Last end connectivity will be provided
Amrit Lal Meena says that the Sarkar Gati Shakti Portal is also being used to identify the gap between connectivity from beginning to end. Priority is being given to 196 projects through this Gati Shakti Portal which will bridge the gap between port connectivity for delivery of coal, steel and food products.

Portal is also being used in road construction
Apart from this, the Ministry of Road Transport is using this portal to design 11 greenfield projects under which the $ 106 billion Bharatmala plan can be completed. Under this Bharatmala plan of the government, 83,677 km or 52,005 miles of roads will be constructed by the year 2022.

Work on speed power mission will be easy with the use of technology
A government agency ‘Invest India’ says that under Gati Shakti, for example, the government will ensure through technology that newly built roads are not dug again for phone cables or gas pipelines. The idea is to work in the same way as Europe did after World War II or as China did between 1980 and 2010.

read this also

Housing Sale: Record 10-year housing sales in July-September, 73,691 houses sold in Q3- Knight Frank report

Manufacturing PMI: The impact of declining demand was clearly visible on the factory activities, Manufacturing PMI in September at the lowest level of 3 months


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *