Page 29 - NIS English 01-15,April 2023

Budget Webinar Cover Story

WAY FORWARD

n The PM Gatishakti National Master Plan has a huge role
in infrastructure development. The Gatishakti National
Master Plan is going to transform India's infrastructure
and multimodal logistics.
n Infrastructure is being built keeping in mind the first
and last miles of connectivity.
n The results of PM Gatishakti National Master Plan
have also started coming in. Those barriers have been
identified.
n With the quality and multimodal infrastructure, our
logistics costs are going to reduce further in the days
to come.
n This will improve the ease of living and ease of
doing business, along with the logistics sector. The
participation of the private sector will be increased in
this.
n There is huge potential for our manufacturing industry
to develop mechanisms and integrate the circular
economy into future manufacturing.
n A mechanism will also have to be developed regarding
skill forecasting in different sectors, including small
and large-scale industries. This will also greatly benefit
the country's human resource pool.
Achievements that served n A strong social infrastructure will lead to more
as the foundation... talented and skilled youth coming forward to serve
the nation. PM Modi stressed the need for skill
n Capital expenditure has risen fivefold since development, project management, financial skills, and
2013-14. entrepreneurship to meet this goal.

n As a result of thinking and efforts to modernise n When we talk about infrastructure, rail, road, airport,
infrastructure, the average annual construction of and port sometimes remain roughly the same.
national highways has nearly doubled since 2014. However, in this budget, a sizable project of storage
in villages for the storage of agricultural produce has
n Prior to 2014, 600 kilometres of rail lines were been undertaken. We can now think about how much
electrified each year. It is now approaching infrastructure is needed.
4,000 kilometres. n Wellness centres are being built across the country,
as are health facilities in villages, railway stations, and
n In the age of globalisation, seaports are also very pucca houses for every family. All of these are linked to
important. Capacity expansion at our ports has infrastructure development. Efforts are being made in
also nearly doubled in recent years. this regard to leapfrog with new technology.

The government
intends to invest Rs Number of Airports
110 lakh

crore in the National 74 150
Infrastructure
Pipeline over the 2014 2023
next few years.

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