Ministry of Finance has identified 434 projects under PM Gati Shakti, with an investment of ₹11.17 lakh crore to revolutionise multi-modal connectivity.
The Ministry of Finance has unveiled the identification of 434 critical infrastructure projects under the ambitious PM Gati Shakti initiative. With a total investment of ₹11.17 lakh crore, the initiative seeks to bolster multi-modal connectivity, streamline logistics networks, and significantly reduce costs across industries.
Announcing the development on X (formerly Twitter), the Ministry stated:
“With 434 projects identified under the three major economic corridor programmes, PM Gati Shakti for Multi-Modal Connectivity will ensure both logistic efficiency and cost reduction. #BudgetForViksitBharat.”
The initiative is centered around three major economic corridor programmes:
- Energy, Mineral, and Cement Corridors
- Port Connectivity Corridors
- High Traffic Density Corridors
These corridors aim to optimise transportation networks in key sectors like energy, cement, and port operations, meeting the growing logistics demands while enhancing overall efficiency.
Gati Shakti Cargo Terminal progress
A notable highlight of the programme is the success achieved under the Gati Shakti Cargo Terminal (GCT) initiative. As of October 31, 2024, the programme has accomplished:
- 91 terminals commissioned
- 234 projects granted in-principle approvals
- 339 applications received for new terminal development
Commenting on this progress, the Ministry noted:
“With more than 91 Gati Shakti Cargo Terminals commissioned and 234 in-principle approvals, the #GCT programme is scaling up multi-modal logistics facilities for #PMGatiShakti.”
Among the 434 identified projects:
- 192 projects fall under Energy, Mineral, and Cement Corridors.
- 200 projects are dedicated to High Traffic Density Routes.
- 42 projects focus on improving Port Connectivity.
Detailed project reports and funding
Detailed Project Reports (DPRs) have been prepared for 156 projects, which include:
- 68 projects spanning 6,290 km, sanctioned at an estimated cost of ₹1,11,663 crore.
- 88 projects covering 10,603 km, currently under appraisal and inter-ministerial consultations, with a projected cost of ₹2,25,301 crore.
A vision for “Viksit Bharat”
This corridor-based approach marks a transformative shift for India’s logistics sector. By improving supply chain capabilities, enhancing efficiency, and reducing costs, the PM Gati Shakti initiative aligns with the government’s broader vision of creating a developed India, or “Viksit Bharat,” as outlined in the 2024-25 Union Budget.
The initiative not only fulfills the government’s infrastructure commitments but also positions India as a global leader in logistics and infrastructure development. With a focus on sustainability and economic growth, PM Gati Shakti is set to propel the nation towards a new era of industrial excellence.
