NEW DELHI: Prime Minister Narendra Modi’s ambitious Rs 100 lakh crore Gati Shakti Master Plan — which will offer multi-modal connectivity to more than 1,200 industrial clusters, including two defence corridors across the country — will be unveiled next month as part of a plan to reduce logistic costs and provide better connectivity.
Sources said these clusters include food processing parks, electronics and IT, pharmaceutical and medical devices, fishing clusters and harbours, besides mega textile parks. The “PM Gati Shakti National Master Plan for Multi-Modal Infrastructure Connectivity to Economic Zones” with tag line ‘Gati se Shakti’ will include projects under existing flagship schemes of different ministries such as Bharatmala, Sagarmala, Udaan, expansion of railway network, inland waterways and Bharat Net.
High supply chain and logistics cost make Indian products less competitive in the global market. The current supply chain and logistics costs in India account for around 14% of the country’s GDP compared to the global average of approximately 8%.
Modi on August 15 had announced that the total size of the Gati Shakti project will be Rs 100 lakh crore for developing holistic infrastructure. The aim of the project will be on improving efficiency by optimising the necessary infrastructure, which will help reduce the logistics cost. While the project will be spearheaded by the logistics division in the commerce ministry, there will be an empowered group of secretaries headed by Cabinet secretary to see the implementation of this major initiative.