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

Cyclists plan ‘memorial ride’ to press demand for infrastructure

Cycling is a passion for many, and it is a way to fitness too. With rising numbers of vehicles on the road, the government encourages this environment-friendly mode of transportation, but it comes with numerous challenges. An accident last month on the Mahipalpur flyover of south Delhi, which took the life

“World headed towards stagflation; India must take care of the poor”

As the post-pandemic fallout and geopolitical uncertainty slows down global economies and sanctions against some nations, energy crisis and inflation are adding to the troubles, India is projected to be decoupled from world economy and fare better. To check if this belief really holds water, in the latest

The changing nature of CSR in India

With the advent of globalization came a new set of challenges for corporations, notably the duty of ensuring the well-being of all stakeholders while also protecting the planet`s natural environment. Although we are dedicated to a faster and more inclusive rate of growth, it is equally imperative that we f

BMC commissioner Chahal conferred with hon. doctorate

BMC commissioner and administrator Iqbal Singh Chahal has been conferred with a Honorary Doctor of Science Degree (honoris causa) by Guru Nanak Dev University in Amritsar, Punjab. Chahal was conferred the degree during the 48th convocation of the University in Amritsar at the hands of Punjab

Sebi to have two-track approach on ESG

Securities and Exchange Board of India (Sebi) aims to use a two-track approach on environmental social and corporate governance (ESG). Addressing a conference on ‘ESG for Atmanirbhar Bharat` in Mumbai, Sebi chairperson Madhabi Puri Buch said that that there should not be a single carbo

Accuracy more important than speed in news: Anurag Thakur

Presenting authentic information is the prime responsibility of media and that facts should be properly checked before they are put in the public domain, union minister of information and broadcasting Anurag Thakur has said. “While speed with which the information is transmitted is imp

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