PM GatiShakti roll-out gets Impetus: Empowered Group of Secretaries holds its first meeting; takes several key decisions
Prime Minister Narendra Modi launched PM GatiShakti National Master Plan for providing multimodal connectivity to various Economic Zones in the country which aims to reduce the logistics cost
The Government has constituted Empowered Group of Secretaries (EGoS) headed by Cabinet Secretary with Secretaries of 20 Infrastructure and Economic User Ministries as members of EGoS to monitor implementation of PM GatiShakti. The first meeting of EGoS was held on Friday under the chairmanship of Cabinet Secretary Rajiv Gauba. The CEO Niti Aayog Amitabh Kant was special invitee for the first meeting of EGOS. The EGoS reviewed the progress made so far.
Prime Minister Narendra Modi launched PM GatiShakti National Master Plan for providing multimodal connectivity to various Economic Zones in the country which aims to reduce the logistics cost. Currently, the logistics cost in India is about 13% of the GDP whereas in other developed countries it is to the extent of 8%.
Government is committed to reduce the cost of logistics to ensure competitiveness of the manufacturing sector, better realisation of prices to farmers and availability of goods at cheaper prices to consumers.
Bhaskaracharya Institute for Space Applications and Geoinformatics (BISAG-N), which has developed the National Master Plan informed the EGoS that over 300 layers of data has been mapped on to GIS based national master plan. It was further informed that all the Central Ministries and most of the State Govts have started updation of their required layers.
Department for Promotion of Industry and Internal Trade (DPIIT), being the nodal department for PM GatiShatki informed about the administrative arrangements made for monitoring and coordination of PM GatiShakti. Network Planning Group (NPG) comprising representatives from 7 Central Ministries has already been constituted. High Powered Expert Group of Professionals is being constituted to support the NPG.
The EGoS made several important decisions in the meeting. It has been decided to compile the infrastructural gaps as felt by various Economic Ministries. This is to be forwarded to the concerned Infrastructure Ministry for appropriate consideration to include in the annual action plan for next financial year. Decision was made to study the multimodal connectivity to all the economic zones in the country on priority so that gaps are identified.
Any such system or process, which is causing enhanced logistics cost are to be identified and deliberated upon and measures are to be taken including necessary administrative decisions so as to reduce cost.
EGoS emphasised the need for digitisation. It was felt necessary to integrate all management information systems of different so as to enable ease of usage. EGoS has also emphasised that all the Ministries should include in their planning logistics cost reduction at the core so as to achieve the objective of PM GatiShakti.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Stocks to Buy for Long Term: 1 smallcap, 3 midcap, 8 largecap stocks analysts are upbeat about; check out targets for your portfolio
SBI Special FD: What will be maturity amounts on Rs 2.50 lakh, Rs 5 lakh, Rs 7.50 lakh, and Rs 10 lakh investments in Green Deposit's 1111-, 1777-, and 2222-day schemes?
This is India's only tax-free state; residents earn crores annually without paying a single rupee in Income Tax
Gratuity Calculator: 9 years of service and Rs 50,000 as last-drawn basic salary; what will be your gratuity; see details
01:50 PM IST