- Sunday, March 09, 2025
By: Shubham Ghosh
Indian commerce and industry minister Piyush Goyal on Thursday (13) said that the country will be able to save Rs 10 lakh crore (£107.5 billion) a year if it can bring down the logistics cost by four to five per cent through PM Gati Shakti – National Master Plan for Multi-modal Connectivity.
PM Gati Shakti was launched on October 13 last year by prime minister Narendra Modi in New Delhi. It is a digital platform which brings together 16 ministries, including railways and roadways, for integrated planning and coordinated implementation of infrastructure-connectivity projects, the Indian government said and added that the move heralded “a new chapter in governance”.
Goyal said that today, logistic expenses in India is around 13-14 per cent.
“Our effort is to bring down the logistic cost by 4-5 percent in the coming years. It will help India save around Rs 10 lakh crore annually. India is improving last mile connectivity through PM Gati Shakti, filling the infrastructure gaps, completing infrastructure projects within a short period of time through PM Gati Shakti, and if we bring down logistics costs from 13-14 percent to single digit or 4-5 percent down, it will save Rs 10 lakh crore annually,” he said.
Redesigning growth with PM GatiShakti.
Released Logistics Ease Across Different States (LEADS) report 2022 at National Workshop to mark one year of PM GatiShakti.
The infrastructure masterplan is routing development to remote areas through precise planning & execution. pic.twitter.com/rswQjCk4ju
— Piyush Goyal (@PiyushGoyal) October 13, 2022
“Going forward, as our target is to make the country’s economy $30 trillion (£26.5 trillion) by 2047, we need to reduce the logistics cost. By reducing this logistic cost, you can imagine what amount of money India can save. Apart from this, by completing the infrastructure projects of the centre and states, we can save the extra expenditure, due to which the infrastructure cost will also be reduced by lakhs of crores of rupees. The PM has shown us this vision to make India a world power,” Goyal added.
The minister also said that he is confident that PM Gati Shakti would go down in history as a powerful intervention that stimulated rapid development in the country.
Anurag Jain, secretary, department for promotion of industry and internal trade under the commerce and industry minister, said, “Earlier, we were having around 700 layers in PM Gati Shakti, now we have 1,800 layers. This is the growth story of PM Gati Shakti.”
He added that PM Gati Shakti is increasingly being used in the social sector for developing infrastructure and taking fruits of technology to every citizen of the country and the common man’ life.
