Gati Shakti to be a game changer for India
POWER & RENEWABLE ENERGY

Gati Shakti to be a game changer for India

The expansion of infrastructure is a key facilitator for reaching a $20 trillion GDP by 2040. As we approach what Prime Minister Narendra Modi called the "Amrit Kaal," a number of structural reforms announced have laid the groundwork for higher economic growth supported by infrastructure development.

By introducing the PM Gati Shakti National Master Plan (NMP) in October 2021, a step in the right direction was taken last year. A digital platform was introduced with the 100 lakh crore mega plan to bring 16 ministries together for coordinated project planning and execution.

With regard to the world's energy infrastructure, PM Modi has shown leadership by committing to installing 500 GW of non-fossil fuel-based electrical capacity by 2030. We also require a sufficient power transmission network to move power from the RE rich zone to the consumption centres in order to support the country's push for the deployment of renewable energy. These transmission projects, whose construction would typically take three to four years, must be finished in just 18 months in order to meet project deadlines.

For such power transmission projects, where route planning and locating the necessary permits and approvals by the transmission project developers can take up more than two thirds of the time, the PM Gati Shakti National Master Plan (NMP) portal can be a game-changer.

Also Read:
PM to inaugurate projects worth Rs 168.35 bn in Jharkhand
PM Modi to inaugurate railway projects worth over 160 bn


"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The expansion of infrastructure is a key facilitator for reaching a $20 trillion GDP by 2040. As we approach what Prime Minister Narendra Modi called the Amrit Kaal, a number of structural reforms announced have laid the groundwork for higher economic growth supported by infrastructure development. By introducing the PM Gati Shakti National Master Plan (NMP) in October 2021, a step in the right direction was taken last year. A digital platform was introduced with the 100 lakh crore mega plan to bring 16 ministries together for coordinated project planning and execution. With regard to the world's energy infrastructure, PM Modi has shown leadership by committing to installing 500 GW of non-fossil fuel-based electrical capacity by 2030. We also require a sufficient power transmission network to move power from the RE rich zone to the consumption centres in order to support the country's push for the deployment of renewable energy. These transmission projects, whose construction would typically take three to four years, must be finished in just 18 months in order to meet project deadlines. For such power transmission projects, where route planning and locating the necessary permits and approvals by the transmission project developers can take up more than two thirds of the time, the PM Gati Shakti National Master Plan (NMP) portal can be a game-changer. Also Read: PM to inaugurate projects worth Rs 168.35 bn in JharkhandPM Modi to inaugurate railway projects worth over 160 bn

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement