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Home Economy

The Union Cabinet approved the PM Gatishakti National Master Plan

by Economy India
October 21, 2021
Reading Time: 2 mins read
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Prime Minister Narendra Modi, on October 13, had launched a Rs 100 lakh crore national master plan for multi-modal connectivity to develop infrastructure to reduce logistic costs and boost the economy.

The Union Cabinet on Thursday approved PM GatiShakti National Master Plan, including implementation, monitoring and support mechanism, for providing multi-modal connectivity.

Prime Minister Narendra Modi, on October 13, had launched a Rs 100 lakh crore national master plan for multi-modal connectivity to develop infrastructure to reduce logistic costs and boost the economy.

It targets to cut logistic costs, increase cargo handling capacity and reduce the turnaround time.

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National Master Plan

An Empowered Group of Secretaries (EGoS) headed by the Cabinet Secretary and secretaries of 18 ministries as members, among others, will be set up.

Network Planning Division

Briefing the media regarding the decision, Union Minister Anurag Thakur said a Multimodal Network Planning Group (NPG) will be constituted with representation from the heads of the Network Planning Division from various ministries and departments.

The NPG will be supported by a technical support unit (TSU) located in the Logistics Division of the Ministry of Commerce and Industry.

Domain Experts

The TSU will have domain experts from various infrastructure sectors, such as aviation, maritime, public transport, rail, roads and highways, ports, power, pipeline, GIS, ICT, finance/market PPP, logistics, data analytics, among others.

The EGOS has been mandated to review and monitor the implementation of the PM GatiShakti NMP to ensure logistics efficiency. (The Economic Times)

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Tags: Business Updates on Indian EconomyCabinetCabinet SecretaryCurrent Updates of Indian EconomyEconomic Development of IndiaEconomy IndiaEconomy India UpdatesEconomy NewsEconomy News of IndiaEconomy News Portal of IndiaEconomy News UpdatesEconomy Updates from IndiaEmpowered Group of SecretariesIndia EconomicIndian EconomyIndian Economy OutlookIndian Economy UpdatesLatest Development on Indian EconomyLatest Updates on Indian EconomyNews Around Economy of IndiaNews on Indian EconomyNews on World of Indian EconomyOverview of Indian EconomyPM GatiShakti National Master PlanRecent Development in Indian EconomyUnion Minister Anurag Thakur
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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