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PM GatiShakti utilized for three new major railway corridors announced under Interim Budget 2024-25

PM GatiShakti utilized for three new major railway corridors announced under Interim Budget 2024-25
  • The Interim Budget for 2024-25 announcement for implementation of three Economic Railway Corridor identified under the PM GatiShakti for enabling multi-modal connectivity, including (i) energy, mineral, and cement corridors, (ii) port connectivity corridors, and (iii) high traffic density corridors, is a big push towards logistics efficiency and reduction of logistics cost related to rail movement. It will decongest high density rail routes and facilitate modal shift from road to rail and to coastal shipping, thereby reducing carbon footprint in logistics.
  • Strong opportunities for continued usage of PM GatiShakti NMP for planning multimodal connectivity emerge under many of the Budget 2024 announcements, such as the following:
  1. Expansion of existing airports, and development of new airports;
  2. India-Middle East-Europe Economic Corridor, a strategic and economic game changer for India;
  3. Comprehensive development of iconic tourist centers by enhancing port connectivity, tourism infrastructure, and amenities on Indian Islands;
  4. Expansion of Metro Rail and NaMo Bharat in large cities focusing on transit-oriented development and promoting ease of living;
  5. Expediting the setting up of more medical colleges by utilizing the existing hospital infrastructure under various departments and upgradation of Anganwadi centres under “Saksham Anganwadi and Poshan 2.0” for improved nutrition delivery, and early childhood care.
  • Development of world-class modern infrastructure is paramount as it is a critical growth engine of India, and a primary requirement to become a part of the global supply chains. In this regard, the use of new age technologies and data-based mechanisms including (i) PM GatiShakti (PMGS) National Master Plan (GIS-data-based planning platform, use of AI, advanced tools, etc.), (ii) Unified Logistics Interface Platform (ULIP) offering ease of logistics, and (iii) RFID-technology, Big Data Analytics, and IOT based Logistics Data Bank (LDB), will continue to enable predictive planning and objective, data-based decision-making for efficient logistics and integrated infrastructure development.

Also Read: Awards: Weekly Current Affairs Bitbank (January 8 to 14, 2024): Which cities shared the cleanest city title at the Swachh Survekshan Awards 2023?

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Published date : 02 Feb 2024 04:57PM

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