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
 

Comments

 

Other News

Trump’s victory: India hopes to turn a new leaf in relations with US

When Europe and West Asia in particular are deep in fear about Donald Trump because he as the 47th US president is expected to bring a significant shift in the geopolitics of the world with his policies and strategies, India is looking forward with optimism to work closely with him and infuse more dynamism

Justice Khanna sworn in as Chief Justice of India

Justice Sanjiv Khanna was sworn in as the Chief Justice of the Supreme Court of India, succeeding Justice DY Chandrachud. The 51st CJI will have a term of about six months. "At a ceremony held today (November 11, 2024) at 1000 hrs in the Ganatantra Mandap, Rashtrapati Bhavan,

`BMC health budget doubled but PHC vacancies rose thrice`

While there has been a rise of 98% in BMC’s health budget in the last seven years, from Rs 3,637 crore in 2018-19 to Rs 7,191 crore in 2024-25, vacancies in BMC Primary Healthcare Facilities (dispensaries) have increased by three times in the last decade. Praja Foundation’s &lsqu

India’s export ambitions: where do we go from here?

India’s Trade Scenario India’s trade has increased from 17% of GDP during 1991 to 46% of GDP during 20231 owing to the liberalization reforms which led to the gradual easing of restrictions from a highly protected and controlled economy; fostering competition,

PM Modi congratulates "my friend" Trump

As the results of the tightly contested US Presidential elections became clear Wednesday afternoon (India time), prime minister Narendra Modi congratulated Donald Trump on the victory. "Heartiest congratulations my friend @realDonaldTrump on your historic election victory," Modi sa

Cabinet approves scheme for financial support to meritorious students

The union cabinet, chaired by prime minister Narendra Modi, on Wednesday approved PM Vidyalaxmi, a new central sector scheme that seeks to provide financial support to meritorious students so that financial constraints do not prevent anyone from pursuing higher studies. PM Vidyalaxmi is a k

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter