PM Gati Shakti to rely heavily on public-private partnerships
ECONOMY & POLICY

PM Gati Shakti to rely heavily on public-private partnerships

Minister of State for Finance Pankaj Chaudhary told the media that public-private partnerships (PPPs) would be a key driver of the ambitious Rs 100 lakh crore PM Gati Shakti initiative.

The goal of this national master plan for multi-modal connectivity is to develop infrastructure that will lower logistic costs and boost the economy.

Last year, the Prime Minister Gati Shakti-National Master Plan was announced, with the goal of breaking down departmental silos and bringing in more holistic and integrated planning and execution of projects to address multi-modal and last-mile connectivity issues.

Observing that public-private partnerships have boosted growth, Chaudhary told the media that various infrastructure projects have been completed through PPP.

PM Gati Shakti is focusing on several projects, including roads, railways, and civil aviation, according to Chaudhary, who added that this ambitious project would be realised through a public-private partnership.

According to Chaudhary, public procurement plays an important role in the operation of various physical infrastructures such as schools and hospitals.

Given that public procurement accounts for roughly 30% of the Indian economy, increasing efficiency is critical, he said at the All India Management Association’s (AIMA) 7th Global Procurement Summit. To improve efficiency, the government has taken several steps including the creation of the Government e-Marketplace (GeM).

Chaudhary also said that the government is promoting Make in India by favouring domestic companies to create jobs in the country.

Chaudhary told the media that the global procurement has been harmed as a result of the Covid-19 pandemic outbreak and that the government has taken steps to address the situation.

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Also read: PM Gati Shakti to help in developing modern infra in India: Modi

Minister of State for Finance Pankaj Chaudhary told the media that public-private partnerships (PPPs) would be a key driver of the ambitious Rs 100 lakh crore PM Gati Shakti initiative. The goal of this national master plan for multi-modal connectivity is to develop infrastructure that will lower logistic costs and boost the economy. Last year, the Prime Minister Gati Shakti-National Master Plan was announced, with the goal of breaking down departmental silos and bringing in more holistic and integrated planning and execution of projects to address multi-modal and last-mile connectivity issues. Observing that public-private partnerships have boosted growth, Chaudhary told the media that various infrastructure projects have been completed through PPP. PM Gati Shakti is focusing on several projects, including roads, railways, and civil aviation, according to Chaudhary, who added that this ambitious project would be realised through a public-private partnership. According to Chaudhary, public procurement plays an important role in the operation of various physical infrastructures such as schools and hospitals. Given that public procurement accounts for roughly 30% of the Indian economy, increasing efficiency is critical, he said at the All India Management Association’s (AIMA) 7th Global Procurement Summit. To improve efficiency, the government has taken several steps including the creation of the Government e-Marketplace (GeM). Chaudhary also said that the government is promoting Make in India by favouring domestic companies to create jobs in the country. Chaudhary told the media that the global procurement has been harmed as a result of the Covid-19 pandemic outbreak and that the government has taken steps to address the situation. Image Source Also read: PM Gati Shakti to help in developing modern infra in India: Modi

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