PM GatiShakti: 106 big-ticket Infrastructure Projects worth Rs 11 lakh crore recommended for approval
Relevant for General Studies Paper
(Indian Economy: Infrastructure Development, logistics costs, economic growth, Government policies and programs)
PM GatiShakti
The Network Planning Group (NPG) under the PM GatiShakti initiative has recommended approval for 106 big-ticket infrastructure projects worth Rs 11 lakh crore. These projects were assessed during the 55th NPG meeting, which was held on September 14, 2023.
The NPG is a multi-ministerial body that meets every fortnight to review and appraise infrastructure projects. It was constituted under the PM GatiShakti initiative to ensure multi-modality, synchronization of efforts, and comprehensive development in and around project areas.
The maximum number of projects recommended by the NPG are related to roads, railways, and urban development. Some of the notable projects include:
- Roads: Construction of new highways, widening of existing highways, and construction of bypasses and flyovers.
- Railways: Electrification of railway lines, construction of new railway lines, and modernization of existing railway stations.
- Urban development: Construction of new roads, bridges, and flyovers, development of smart cities, and improvement of public transportation systems.
The NPG’s approval is required before clearance of the project by the Public Investment Board (PIB) or Department of Expenditure under the finance ministry.
The PM GatiShakti initiative is a national infrastructure master plan that aims to develop an integrated infrastructure network to reduce logistics costs and boost economic growth. The NPG plays a key role in implementing this initiative by ensuring that infrastructure projects are planned and executed in a coordinated manner.
The NPG’s approval of these 106 projects is a significant milestone in the implementation of the PM GatiShakti initiative. These projects, once completed, will help to improve the connectivity and infrastructure of India and boost economic growth.
What does this mean for India?
The approval of these 106 big-ticket infrastructure projects is a major boost for India’s economy. These projects will create jobs, boost investment, and improve the country’s infrastructure.
The projects are also expected to reduce logistics costs and improve the ease of doing business in India. This will make Indian products more competitive in the global market and attract more foreign investment.
The PM GatiShakti initiative is a ambitious but achievable plan to transform India’s infrastructure. The approval of these 106 projects is a sign that the government is committed to implementing this initiative and making India a global economic powerhouse.
How can the NPG help to ensure the success of these projects?
The NPG plays a key role in ensuring the success of these projects by ensuring that they are planned and executed in a coordinated manner. The NPG can help to ensure that the projects are aligned with the PM GatiShakti master plan and that they take into account the needs of all stakeholders.
The NPG can also help to identify and mitigate potential risks to the projects. For example, the NPG can help to ensure that the projects are financially viable and that they have the necessary approvals from all relevant authorities.
The NPG can also help to promote the projects and attract investment. For example, the NPG can work with state governments to develop detailed project reports and to identify potential investors.
Overall, the NPG is a valuable tool for the government to ensure the success of the PM GatiShakti initiative. By coordinating infrastructure projects and by identifying and mitigating risks, the NPG can help to make India’s infrastructure more efficient and competitive.
Tags: PM GatiShakti, Network Planning Group (NPG), infrastructure projects, investment, economic growth, UPSC
Current affairs 15 September 2023, Today news, Today news GS, Today news upsc, Today news and views, Today news 2023, Today news Current affairs September 2023, Current affairs news, Current affairs book pdf, Current affairs best blog, Current affairs for UPSC, Current affairs 2023, Current affairs contact, Current affairs book, Current affairs program meaning
Follow us :
🔎 https://www.instagram.com/triumphias
🔎https://www.youtube.com/c/TriumphIAS
https://t.me/VikashRanjanSociology
Find More Blogs
|
Scope of the subject and comparison with other social sciences |
|||
|
|
|
|
Modernity and social changes in Europe |