: Cabinet clears Gati Shakti National Master Plan & Institutional framework #FinanceIndia #StockMarketNEWS Cabinet clears Gati Shakti National Master Plan & Institutional framework New Delhi, 21 Oct

@StockMarketNEWS Thu 21 Oct, 2021

Posted in: #FinanceIndia #StockMarketNEWS

Cabinet clears Gati Shakti National Master Plan & Institutional framework #FinanceIndia #StockMarketNEWS
Cabinet clears Gati Shakti National Master Plan & Institutional framework New Delhi, 21 Oct (KNN) The Cabinet Committee on Economic Affairs (CCEA) has approved PM Gati Shakti National Master Plan including institutional framework for rolling out, implementation, and monitoring and support mechanism for providing multi-modal connectivity.

Implementation framework includes Empowered Group of Secretaries (EGOS), Network Planning Group (NPG) and Technical Support Unit (TSU) with required technical competencies.

EGOS will be headed by Cabinet Secretary and will consist of Secretaries of 18 Ministries as members and Head of Logistics Division as Member Convenor.

The EGOS has been mandated to review and monitor implementation of the PM Gati Shakti NMP to ensure logistics efficiency. It is empowered to prescribe framework and norms for undertaking any subsequent amendments to the NMP.

EGOS shall also set out the procedure and definitive framework for synchronization of various activities, and ensure that various initiatives of infrastructure development are part of the common integrated digital platform.

It will also look at the interventions required to meet the demand side, in efficiently transporting bulk goods on the requirement of various Ministries like Steel, Coal, Fertilizer, etc.

CCEA has also approved formation, composition and terms of reference for Network Planning Group (NPG) consisting of heads of Network Planning wing of respective infrastructure ministries and it will assist the EGOS.

Further, in view of the complexities involved in overall integration of networks, enhancing optimization to avoid duplication of works for holistic development of any region as well as reducing logistics costs through micro-plan detailing, the Technical Support Unit (TSU) is approved for providing the required competencies.

The structure of TSU has also been approved. TSU shall have domain experts from various infrastructure sectors as Aviation, Maritime, Public Transport, Rail, Roads & Highways, Ports, etc. and Subject Matter Experts (SMEs) as Urban & Transport Planning, Structures (Roads, Bridges & Buildings), Power, Pipeline, GIS, ICT, Finance/Market PPP, logistics, Data Analytics, etc.

The PM Gati Shakti NMP is intended to break Departmental Silos and bring in more holistic and integrated planning and execution of projects with a view to address the issues of Multi Modal connectivity and last mile connectivity. This will help in bringing down the logistics cost. This will translate into enormous economic gains to consumers, farmers, youth as well as those engaged in businesses.

With this approval, the roll out of PM Gati Shakti will get further momentum which will result in holistic and integrated planning framework for infrastructure development in the country.