FCC

Project Management: PM Gati Shakti

2024-10-28

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...