Prime Minister(PM) Narendra Modi has announced that the government will soon launch the ‘PM Gati Shakti National Master Plan’ worth Rs 100 lakh crore which will help in employment opportunities and holistic infrastructure.
What is Gati Shakti Yojana?
In his speech, PM Modi pegged the project as a source of employment opportunities for the youth in future.
“In the coming days, we will launch PM Gati Shakti Plan, a 100 lakh crore national infrastructure master plan which will make a foundation for holistic infrastructure and give an integrated pathway to our economy,” PM Modi said.
What are the focus areas of Gati Shakti?
PM Modi said that the Gati Shakti plan will help raise the global profile of local manufacturers and help them compete with their counterparts worldwide. It also raises possibilities of new future economic zones.
The prime minister also said that India needs to increase both manufacturing and exports. Every product that is sold globally from India is attached to India, which is why I am saying that every product of yours is a brand ambassador for India, he said.
More details and the launch date of the project are awaited. Other significant announcements include the launch of the National Hydrogen Mission and the opening up Sainik Schools for girls.
Gati Shakti Yojana: All You Need To Know About Gati Shakti Yojana Master Plan
- Addressing the nation on the 75th Independence Day, the Prime Minister said that the master plan will help our local manufacturers turn globally competitive. This will also develop possibilities for new future economic zones.
- Walking the road of development, India needs to increase both manufacturing and exports, he said.
- “We are set to present to you a PM Gati Shakti National Master Plan in the near future. This new initiative worth Rs 100 lakh crore will bring employment opportunities to the youth,” he said.
- While concentrating on modern infrastructure, India needs to work on developing new infrastructure with a holistic and integrated approach, Modi said.
- Speaking of India’s manufacturing prowess, he said that seven years ago the country imported mobile phones worth USD 8 billion and now with production-linked incentive schemes in place, India is exporting USD 3 billion worth of mobile phones.
- He stressed the need for manufacturing world-class products, using cutting-edge innovation and new-age technology.