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PM Gati Shakti scheme has scaled up India`s infra, spurred growth: Morgan Stanley Global investment bank and financial company Morgan Stanley has stated that the PM Gati Shakti scheme has succeeded in giving a new fillip to India’s infrastructure development and multi-modal connectivity across highways, railways and ports that has spurred economic growth. According to the report, India has scaled up its infrastructure strongly over the last decade, with higher investment that is also better targeted and potentially more productive. "We expect India's i...
PM Gati Shakti scheme has scaled up India`s infra, spurred growth: Morgan Stanley
PM Gati Shakti scheme has scaled up India`s infra, spurred growth: Morgan Stanley
Source: IANS
2024-06-28 11:44:59 am
Centre speeds up industrial corridor projects worth Rs 8,175 crore The Centre has given the finishing touches to four projects under the National Industrial Corridor Development Corporation (NICDC) pertaining to the development of Integrated Manufacturing Clusters (IMCs) in Uttar Pradesh's Agra and Prayagraj, Hisar in Haryana and Gaya in Bihar with an estimated investment of Rs 8,175 crore, the Commerce and Industry Ministry said on Thursday.  The projects aim to develop state-of-the-art manufacturing hubs adhering to Industry 4.0 standards, incl...
Centre speeds up industrial corridor projects worth Rs 8,175 crore
Centre speeds up industrial corridor projects worth Rs 8,175 crore
Source: IANS
2024-06-28 09:55:03 am
Centre fast-tracks Rs 5,879 crore worth new railway line projects in Maharashtra The 73rd meeting of the Network Planning Group (NPG) under PM GatiShakti has put on the fast track two projects for Maharashtra involving an investment of Rs 5,879 crore for the construction of more broad gauge railway lines that will speed up the movement of cargo and passengers across the state, the Commerce and Industry Ministry said on Thursday.  The first project from the Ministry of Railways pertains to construction of the 4th broad gauge railway line of 160 km from Manmad to Ja...
Centre fast-tracks Rs 5,879 crore worth new railway line projects in Maharashtra
Centre fast-tracks Rs 5,879 crore worth new railway line projects in Maharashtra
Source: IANS
2024-06-28 09:22:03 am
Centre fine-tunes plan for new Mumbai-Indore broad gauge rail line project The 66th meeting of the Centre’s Network Planning Group (NPG) has expedited the process for the new 309 km Broad Gauge (BG) railway line project to open a direct route from Mumbai to Indore, fostering improved connectivity and socio-economic growth in the backward areas of Maharashtra and Madhya Pradesh. The project details were examined on Feb 27 from the perspective of integrated planning based on the principles of PM GatiShakti, according to an official statement issued on Friday....
Centre fine-tunes plan for new Mumbai-Indore broad gauge rail line project
Centre fine-tunes plan for new Mumbai-Indore broad gauge rail line project
Source: IANS
2024-03-01 01:53:40 pm
Centre fast-tracks bypass projects to decongest Indore, Guwahati The Centre’s Network Planning Group (NPG) has fast-tracked three highway projects including a 141 km new bypass for Indore and a 64 km bypass to decongest Guwahati. The 66th meeting of the Network Planning Group (NPG) under PM Gati Shakti held on Feb 27 also took up for discussion the upgradation of NH 216H in Andhra Pradesh, according to an official statement issued on Friday. The project for providing a bypass around Madhya Pradesh’s Indore city, being taken up by the Mini...
Centre fast-tracks bypass projects to decongest Indore, Guwahati
Centre fast-tracks bypass projects to decongest Indore, Guwahati
Source: IANS
2024-03-01 12:44:10 pm
Government launches new railway plan to cut cost of moving coal from mines by Rs 21,000 cr a year Union Minister of Coal Pralhad Joshi on Thursday launched a groundbreaking 'Coal Logistics Plan and Policy' aimed at a strategic shift towards a railway-based system to evacuate coal from the pitheads of mines, which will cut transport costs by 14 per cent, enabling a savings of Rs 21,000 crore a year. The Coal Logistics Plan proposes a strategic shift towards a railway-based system that will lead to first-mile connectivity projects at the mines. Currently, evacuation of coal from ...
Government launches new railway plan to cut cost of moving coal from mines by Rs 21,000 cr a year
Government launches new railway plan to cut cost of moving coal from mines by Rs 21,000 cr a year
Source: IANS
2024-03-01 10:28:16 am
Government puts development of 68 km Ayodhya bypass on fast track The government has put the development of the 68 km greenfield Ayodhya bypass project on the fast track to decongest the holy city and facilitate economic, social and logistics connectivity across multiple districts in the region. The project has been discussed under the PM GatiShakti initiative to “spur implementation and planning,” according to a statement issued by the Commerce and Industry Ministry on Friday. The Ayodhya Bypass Project has been evaluated as a critical in...
Government puts development of 68 km Ayodhya bypass on fast track
Government puts development of 68 km Ayodhya bypass on fast track
Source: IANS
2024-01-27 01:53:14 pm
PM GatiShakti is India`s revolutionary offering to world: Piyush Goyal Hailing PM GatiShakti as India's revolutionary offering to the world, Union Minister of Commerce & Industry Piyush Goyal has projected PM GatiShakti as the future planning tool for infrastructure not just in India or Asia, but globally. Highlighting the historical context of infrastructure development in India, Goyal underscored the traditional challenges of prolonged delays and cost overruns in projects. He emphasized the Prime Minister's unwavering pursuit of excellence and perf...
PM GatiShakti is India`s revolutionary offering to world: Piyush Goyal
PM GatiShakti is India`s revolutionary offering to world: Piyush Goyal
Source: Accord Fintech
2024-01-11 03:23:58 pm
Four infra projects of Rs 19,520.77 crore recommended for approval under PM Gati Shakti initiative The commerce and industry ministry has said that four infrastructure projects of roads and railways worth Rs 19,520.77 crore have been recommended for approval under the PM Gati Shakti initiative. It said this takes the total number of projects assessed by Network Planning Group (NPG) to 115 with a total value of about Rs 11.70 lakh crore, since the launch of PM Gati Shakti. These four projects were assessed in the 57th NPG meeting on October 17, 2023. The inter-ministerial NPG meets eve...
Four infra projects of Rs 19,520.77 crore recommended for approval under PM Gati Shakti initiative
Four infra projects of Rs 19,520.77 crore recommended for approval under PM Gati Shakti initiative
Source: Accord Fintech
2023-10-19 11:49:26 am
Government aims to complete about 85% of road projects on time in FY24: Anurag Jain Road Transport and Highways secretary Anurag Jain has said that around 85 per cent of road projects are likely to be completed by the end of this fiscal (FY24), as the steps taken by the government to ensure faster clearances like monitoring and quicker resolution of issues have started showing results. Jain said the Road ministry is getting environment and forest clearance quickly and monitoring mechanisms of delayed projects have been improved.He stated ?We took up completion of projects on...
Government aims to complete about 85% of road projects on time in FY24: Anurag Jain
Government aims to complete about 85% of road projects on time in FY24: Anurag Jain
Source: Accord Fintech
2023-10-05 12:59:22 pm
DPIIT holds review meeting to encourage greater utilization of PM GatiShakti NMP In order to encourage greater utilization of the PM GatiShakti National Master Plan (NMP) amongst the States/UTs, the Logistics Division, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry is organizing weekly meetings. These meetings involve discussions with the nodal officers/ representatives from different States and Union Territories (UTs) to assess their advancements in assets mapping and project planning using the National Master Plan.Recent...
DPIIT holds review meeting to encourage greater utilization of PM GatiShakti NMP
DPIIT holds review meeting to encourage greater utilization of PM GatiShakti NMP
Source: Accord Fintech
2023-09-18 02:05:47pm
106 infra projects worth Rs 11 lakh crore recommended for approval under PM GatiShakti initiative The commerce and industry ministry has said that as many as 106 big-ticket infrastructure projects of different ministries worth Rs 11 lakh crore have been recommended for approval under the PM GatiShakti initiative so far this fiscal (FY24). These projects have been recommended by the Network Planning Group (NPG) constituted under the PM GatiShakti initiative launched in October 2021. Six projects -- including three each from Railways and Road Transport and Highways ministries -- with a tota...
106 infra projects worth Rs 11 lakh crore recommended for approval under PM GatiShakti initiative
106 infra projects worth Rs 11 lakh crore recommended for approval under PM GatiShakti initiative
Source: Accord Fintech
2023-09-15 01:45:33pm