The Business Bytes
TBB BUREAU
New Delhi, Aug 15, 2021
Addressing the nation from the ramparts of the Red Fort on the 75th Independence Day on Sunday, Prime Minister Narendra Modi announced that the government would soon launch the ‘PM Gati Shakti National Master Plan’ worth Rs 100 lakh crore which would help in employment opportunities for lakhs of youths and lay foundation of holistic infrastructure.
“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.
“Gati Shakti will be a National Infrastructure Master Plan for our country which will lay the foundation of holistic Infrastructure and will lead to an integrated and holistic pathway to our economy,” said the Prime Minister.
“Right now, there is no coordination between our means of transport. Gati Shakti will break the silos, and will remove all these obstacles. This will reduce the travel time for the common man and the productivity of our industry will also increase,” he added.
The Prime Minister said that Gati Shakti will also go a long way in making our local manufacturers globally competitive. This will also develop new possibilities for the creation of future economic zones.
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 $8 billion and now with production-linked incentive schemes in place India is exporting $3 billion worth of mobile phones.
He stressed on the need for manufacturing world class products, using cutting-edge innovation and new age technology.
“Today, when our manufacturing sector is gaining momentum, our focus should be that whatever we make in India should be of highest quality standards so that we sustain in the global competition. Rather, if possible we should aim at going a step ahead and take proactive steps to prepare ourselves for the global market,” said the Prime Minister.
