PM GatiShakti: 228 infra projects worth Rs 15.89 lakh crore recommended for approval
These projects have been recommended by the Network Planning Group (NPG) constituted under the PM GatiShakti initiative launched on October 13, 2021.
As many as 228 big-ticket infrastructure projects of different ministries, including roads and railways, worth Rs 15.89 lakh crore have been recommended for approval under the PM GatiShakti initiative so far, a top government official said on Wednesday.
These projects have been recommended by the Network Planning Group (NPG) constituted under the PM GatiShakti initiative launched on October 13, 2021.
"So far, 228 projects have been assessed under the initiative worth Rs 1,588,919 lakh crore," Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), Rajeev Singh Thakur told reporters here.
There are several benefits of using the PM GatiShakti system, including significant cuts in time and cost for planning these infrastructure projects.
The maximum number of projects recommended by the group are related to roads (108), railways (85), urban development (12), and four from the oil and gas ministry.
The inter-ministerial NPG meets every fortnight and appraises infra projects to ensure multi-modality, synchronisation of efforts, and comprehensive development in and around the project location.
The initiative was launched to develop an integrated infrastructure to reduce logistics costs. All logistics and connectivity infrastructure projects, entailing investments of over Rs 500 crore are routed through the NPG.
The NPG's approval is required before the clearance of the project by the Public Investment Board (PIB) or Department of Expenditure under the finance ministry.
The NMP (National Master Plan) has over 1,600 layers of geospatial data, showing all physical and social infrastructure of an area and land records in one place. It has been designed for faster planning and better design so that the impact of an investment is maximised.
The NPG has representations from various connectivity infrastructure ministries/ departments, involving their heads of network planning division for unified planning and integration of the proposals.
All these departments approach the NPG first for approval before making a DPR (Detailed Project Report) at the planning stage.
After the NPG's clearance, the project follows the normal procedure of approval by the finance ministry and the Cabinet.
Over 1,600 layers of data, including those related to land, ports, forests, and highways, are available on the portal.
Usage of the portal by different ministries, including social sector departments and states, is increasing, and it is helping in the proper planning of projects.
Thakur also said the department is working with states for integration of updated land record data.
He added that work is also progressing on the district master plan to facilitate planning at district levels and in the initial phase, the plan was launched for 27 aspirational districts.
Sectoral Plans for Efficient Logistics (SPEL) is being developed to address sector-specific needs and streamline the movement of bulk and break-bulk cargo.
Till now, SPEL for coal has been notified and finalised for the cement sector.
"We are also working for steel and food-grains sectors," he said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
Top 7 Mid Cap Mutual Funds With up to 41% SIP Returns in 5 Years: No 1 fund has converted Rs 15,000 monthly investment into Rs 23,84,990
06:37 PM IST