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'NMP will enhance competitiveness, promote mfg sector': FIEO

Launch of PM Gati Shakti National Master Plan for the multi-model connectivity will help improve global competitiveness, promote manufacturing and modernise infrastructure in the country, according to experts.

‘NMP will enhance competitiveness, promote mfg sector’: FIEO
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‘NMP will enhance competitiveness, promote mfg sector’: FIEO

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New Delhi: Launch of PM Gati Shakti National Master Plan for the multi-model connectivity will help improve global competitiveness, promote manufacturing and modernise infrastructure in the country, according to experts.

Federation of Indian Export Organisations (FIEO) President A Sakthivel said that this will improve India's production capacity and global competitiveness with regard to not only manufacturing but also exports from India. "For a long time, our infrastructure sector was witnessing inter-ministerial delays, multiple layers of stakeholders, and the culture of working in silos," Sakthivel added.

Tata Projects Chief Strategy Officer Himanshu Chaturvedi said Gati Shakti is a significant productivity-boosting initiative for the infrastructure sector.

Arindam Guha, partner and leader (government and public services) at Deloitte India, said Gati Shakti represents yet another initiative to facilitate the prioritisation of infrastructure investments for accelerating GDP growth. He added that it is expected to have a significant downward impact on overall logistics cost. "With many of the infrastructure projects in sectors like urban development, health and education falling under the jurisdiction of the state governments, it remains to be seen how the Government of India incentivises the states to join this initiative," Guha said.

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