PM Gati Shakti Master Plan

Context

• On India’s 75th Independence Day, the Prime Minister of India announced that the Centre will launch ‘PM Gati Shakti Master Plan’.

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Key features

• About Gati Shakti Master Plan: It will be a Rs. 100 lakh-crore projects for developing ‘holistic infrastructure’. It is expected to be the source of employment opportunities for the youth in the future.
• Aim: To make a foundation for holistic infrastructure and give an integrated pathway to our economy.
• Key Objectives: It has the following objectives-
  • To provide easier interconnectivity and reduce travel time between road, rail, air, and waterways
  • To improve industrial productivity
  • To make local manufacturing globally competitive
  • To facilitate future economic zones and
  • To create employment.
• Expected Outcomes
  • Enhanced Competitiveness of Local Indian Manufactures in the global economy, helping them compete with their counterparts worldwide.
  • Multiplier effect: Investment in Infrastructure development have a multiplier effect with every rupee invested, yielding much higher returns.
  • It also raises possibilities of new future economic zones.

Mission Schools of Excellence Project of Gujarat Government

Additional Information

• National Infrastructure Pipeline (2019-25): similar to the above plan, it was launched in the Union budget speech of 2019-2020.
  • It provides for an outlay of Rs 102 lakh Crore for infrastructure projects over the next 5 years, with the center, States, and the private sector to share the capital expenditure in a 39:39:22 formula.
  • Objectives:
    • To provide world-class infrastructure across the country and improve the quality of life for all citizens.
    • Ensure Inclusive Growth: by investing in socio-economic infrastructure that creates jobs, improves ease of living, and provides equitable access to infrastructure for all.
  • Coverage: Both economic and social infrastructure projects are to be developed under this master plan.

Classification of Directive Principles of State Policy (DPSPs)

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