Union Govt’s Direct Capital Expenditure Per Year Has Tripled Since 2014: PM Modi

Snapshot

The Prime Minister said that in PM Gati-Shakti National Master Plan, more than 400 data layers are available informing not just the existing and proposed infrastructure but also information about the forest land and available industrial estate.

 

The Prime Minister, Narendra Modi addressed a webinar on the vision of GatiShakti and its convergence with Union Budget 2022, today (28 February). This is the sixth webinar in the series of post-budget webinars addressed by the Prime Minister (PM).

The Prime Minister said that this year’s budget has set the pace (Gatishakti) of India’s development in the 21st century. This direction of ‘Infrastructure-based development’ will lead to an extraordinary increase in the strength of our economy, creating many new possibilities of employment, he said.

The PM underlined the lack of coordination among the stakeholders in the traditional ways of completing projects. He said that this was due to a lack of clear information among the various concerned departments.

“Due to PM Gatishakti, now everyone will be able to make their plan with complete information. This will also lead to optimum utilization of the country’s resources”, he added.

The Prime Minister stressed the need for PM Gatishakti by emphasizing the scale at which the government is undertaking infrastructure development.

“In the year 2013-14, the direct capital expenditure of the Government of India was about two and a half lakh crore rupees, which has increased to seven and a half lakh crore rupees in the year 2022-23”, the Prime Minister informed.

“Infrastructure Planning, Implementation and Monitoring will get a new direction from PM Gati-Shakti. This will also bring down the time and cost overrun of the projects”, he added.

The Prime Minister informed that in PM Gati-Shakti National Master Plan, more than 400 data layers are available now, informing not just the existing and proposed infrastructure but also information about the forest land and available industrial estate.

He suggested that the private sector should use it more and more for their planning and all important information regarding the National Master Plan is now available on the single platform.

“Due to which it will be possible to get project alignment and various types of clearances at the DPR stage itself. This will also be helpful in reducing your Compliance Burden”, he said.

The Prime Minister also asked the state governments to make PM Gati-Shakti National Master Plan base for their projects and Economic Zones.