National Master Plan 'Gati Shakti' will generate immense employment opportunities: Nitin Gadkari -Governance Now

National Master Plan 'Gati Shakti' will generate immense employment opportunities: Nitin Gadkari

The government is soon going to launch the National Master Plan ‘Gati Shakti’

GN Bureau | September 1, 2021

#Gati Shakti #National Master Plan #TOT #Road Infrastructure #5 trillion dollar economy #infrastructure development #employment opportunities #Nitin Gadkari #Narendra Modi

Union Minister for Road Transport and Highways Gadkari has said that the National Monetisation Program will build reliability and confidence in developers and financing institutions as the identified projects are likely to be better prepared, less exposed to risk given active project monitoring, management, and accountability. Addressing a virtual dialogue on ‘Transforming India’s Mobility’ he said Roads have the largest share in the national monetisation plan at 26 percent with the target of one lakh sixty thousand crore rupees over four years.

The minister said the government is soon going to launch the National Master Plan ‘Gati Shakti’. This scheme of more than 100 lakh crores rupees for holistic and integrated infrastructure development, will create huge employment opportunities. He said this year the government has increased year-on-year infrastructure Capex by 34 % to Rs. 5.54 lakh crores, such increased investment in infrastructure would revive the economy and create employment in near future.

Gadkari said Prime Minister Narendra Modi has set a vision for India to become a 5 trillion dollar economy in the next five years. He said It is our firm belief that increased investment in infrastructure would not only create demand in the economy but also it would make growth - sustainable, equitable, and inclusive. He said It is proven that due to the multiplier effect, one rupee spent on infrastructure ends up as Rs. 2.5 in the economy. He said with this context, the government has provided the utmost importance to the development of world-class infrastructure in the country

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