PM Gati Shakti a transformative approach for economic growth, sustainable development: FM

All seven engines will pull forward the economy in unison, Sitharaman said while presenting the Budget for 2022-23

Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday said PM Gati Shakti Master plan will be driven by seven engines for growth and transformation.

The Rs 100-lakh crore project primarily focuses on developing "holistic infrastructure" with inclusive development, productivity enhancement, energy transmission, climate action and financing of investment.

"The approach is driven by seven engines, namely Roads, Railways, Airports, Ports, Mass Transport, Waterways and Logistics Infrastructure. All seven engines will pull forward the economy in unison. These engines are supported by the complementary roles of Energy Transmission, IT Communication, Bulk Water and Sewerage and Social Infrastructure," she said.

Follow live Budget updates here

"Finally, the approach is powered by Clean Energy and Sabka Prayas — the efforts of the Centre, the state governments and the private sector together – leading to huge job and entrepreneurial opportunities for all, especially the youth," she said.

The scope of PM Gati Shakti National Master Plan will encompass seven engines for economic transformation, seamless multimodal connectivity and logistics efficiency. It will also include the infrastructure developed by the state governments as per the Gati Shakti Master Plan.

The focus will be on planning, financing including through innovative ways, use of technology, and speedier implementation.

Also Read | Union Budget 2022 FM Sitharaman lists Modi govt's 4 priorities

The projects pertaining to these 7 engines in the National Infrastructure Pipeline will be aligned with PM Gati Shakti framework. The touchstone of the Master Plan will be world-class modern infrastructure and logistics synergy among different modes of movement — both of people and goods — and the location of projects. This will help raise productivity and
accelerate economic growth and development.

FM Sitharaman announced that the government will expand the National Highway network by 25,000 km in 2022-23 under the master plan.

Check out the latest videos from DH: