Economy

PM Gati Shakti: Rs11.17 lakh crore mega push with 434 projects to transform India’s logistics

In a push to strengthen India’s logistics infrastructure, the Ministry of Finance has announced the identification of 434 projects under the PM Gati Shakti initiative.

Ministry of Finance posted on X, “With 434 projects identified under the three major economic corridor programmes, PM Gati Shakti for Multi-Modal Connectivity will ensure both, the logistic efficiency and logistic cost. #BudgetForViksitBharat”

These projects, part of three major economic corridor programmes, aim to improve multi-modal connectivity and enhance logistics efficiency, with a massive outlay of Rs. 11.17 lakh crore.

The three key economic corridors under the programme are the Energy, Mineral, and Cement Corridors; Port Connectivity Corridors; and High Traffic Density Corridors. Together, these corridors will ensure streamlined transportation networks that cater to the growing demand for efficient logistics, benefiting critical industries such as energy, cement, and port operations.

The Ministry of Finance highlighted the progress in a post on X, stating, “With more than 91 #GatiShakti Cargo Terminals #GCT commissioned and 234 in-principle approvals granted, the #GCT is scaling up multimodal logistics facilities for #PMGatiShakti. #BudgetForViksitBharat”

This announcement underscores the government’s commitment to fulfilling its budgetary promises aimed at driving economic growth and infrastructural development.

Significant progress has already been made under the Gati Shakti Cargo Terminal (GCT) programme. As of October 31, 2024, 91 terminals have been commissioned, and 339 applications for developing new terminals have been received.

Furthermore, 234 projects have been granted in-principle approvals, reflecting the rapid pace of implementation under the initiative.

A deeper look at the progress reveals that 192 projects belong to the Energy, Mineral, and Cement Corridors, 200 are part of the High Traffic Density Routes, and 42 focus on Port Connectivity.

Out of these, Detailed Project Reports (DPR) have been prepared for 156 projects. Among them, 68 projects covering 6,290 km of track length and costing Rs. 1,11,663 crore have been sanctioned.

Additionally, 88 projects spanning 10,603 km are undergoing appraisal and inter-ministerial consultations, with an estimated cost of Rs. 2,25,301 crore.

This corridor-based approach is set to revolutionize India’s logistics sector by increasing efficiency and significantly reducing costs. The initiative aligns with the government’s broader vision under the 2024-25 Union Budget to create a developed India, or “Viksit Bharat,” by investing in infrastructure and fostering economic growth.

ANI

Ani service

Recent Posts

PM Modi interacts with members of Indian diaspora as he arrives in Croatia

Prime Minister Narendra Modi interacted with members of the Indian diaspora here on Wednesday as…

13 hours ago

Hamburg to host India Week 2025 with 70+ events, celebrating bilateral partnership

The city of Hamburg in Germany is set to host the 11th edition of India…

14 hours ago

Iran’s centrifuge production sites hit by Israeli strikes, IAEA confirms

The International Atomic Energy Agency (IAEA) has confirmed that two Iranian centrifuge production facilities, TESA…

15 hours ago

Paank condemns harassment of Nadia Baloch in Hudda Jail, links ordeal to state repression of Mahrang Baloch

The human rights department of the Baloch National Movement (BNM), Paank, has strongly condemned the…

16 hours ago

INS Arnala, India’s first indigenous Anti-Submarine Shallow Water Craft, commissioned into Navy

In a major boost to India's coastal defence capabilities, the Indian Navy on Wednesday commissioned…

17 hours ago

UN Rights Chief flags China over Tibet, Xinjiang abuses; calls for release of detainees and legal reform

Volker Turk, the UN High Commissioner for Human Rights, on June 17 expressed concern over…

18 hours ago