Gati Shakti: New horizons for infrastructure projects?
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The recently announced budget of 2022-2023 is growth oriented with a medium to long term strategy for economic development of India. One of its strategies is to boost infrastructure development by allocating funds to the extent of nearly 4% of GDP.
In addition to that, the PM Gati Shakti - that was announced last year - is strengthened by this growth measure, and aims to foster critical infrastructure, such as mass transport, highway construction, development of ports, airports, which will lead to logistics cost reduction and increasing productivity. The PM and its pillars are being shaped and finalised in order to create a solid platform to structure, develop, implement, visualise, review and monitor the progress of cross-sectoral projects.
In this GRI meeting, members will gather to discuss the potential of gati shakti`s funds to structure and develop new infrastructure projects, and how it can balance regional development by coordinating the implementation of connectivity projects, with a holistic approach on how to solve India’s infrastructure deficiencies.
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