+
Project Management: PM Gati Shakti
ECONOMY & POLICY

Project Management: PM Gati Shakti

Launched to transform the nation’s infrastructure development, PM Gati Shakti is a groundbreaking initiative that emphasises the importance of collaboration among different ministries and stakeholders to create a cohesive infrastructure framework. By mapping over 900 layers of data related to existing and upcoming projects, it enhances project transparency and efficiency, significantly reducing logistical costs that currently account for 13-14 per cent of India’s GDP.

Shining amid crisis

“India embarked on the $ 1.4 trillion National Infrastructure Pipeline at a time when the world was a troubled place,” said Bharat Parekh, Executive Director, CLSA. “As far as execution is concerned, like almost at the peak of COVID, clearly we changed the track of the past 30 to 40 years of subsidies and freebie-driven budgets to capex-driven economic recovery...

To read the full article Click Here

Launched to transform the nation’s infrastructure development, PM Gati Shakti is a groundbreaking initiative that emphasises the importance of collaboration among different ministries and stakeholders to create a cohesive infrastructure framework. By mapping over 900 layers of data related to existing and upcoming projects, it enhances project transparency and efficiency, significantly reducing logistical costs that currently account for 13-14 per cent of India’s GDP.Shining amid crisis“India embarked on the $ 1.4 trillion National Infrastructure Pipeline at a time when the world was a troubled place,” said Bharat Parekh, Executive Director, CLSA. “As far as execution is concerned, like almost at the peak of COVID, clearly we changed the track of the past 30 to 40 years of subsidies and freebie-driven budgets to capex-driven economic recovery...To read the full article Click Here

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?