PM Gati Shakti Master Plan
PM Gati Shakti Master Plan was announced by Prime Minister Modi during Independence Day speech recently. It is a 100 lakh crore infrastructure project that seeks to boost employment and economic growth.
This holistic infrastructure project will boost the global profile of domestic manufacturers and help them compete with their foreign counterparts. It will break the silos between road, rail, air and waterways to minimise travel time, improve industrial productivity and boost employment. This will significantly reduce the logistics cost. Logistics take up 13 per cent of domestic companiesÂ’ spending, making exports uncompetitive when compared with China.