PM Gati Shakti Mission & Its Key Objective

https://www.drishtiias.com/daily-updates/daily-news-analysis/pm-gati-shakti-scheme 

The Pradhan Mantri Gati Shakti (PMGS) mission is a central Government project aimed at revolutionizing infrastructure in India. Launched on 13th October 2021, the initiative demolishes inter-ministerial silos and integrates the infrastructure projects planning. The Rs 100 lakh-crore project is going to affect real estate Hyderabad in a positive way by streamlining the various infrastructural projects.  

Need of PMGS for Hyderabad real estate 

Owing to the lack of coordination, there is always a hairline gap between macro planning and implementation. In addition, the logistical cost in India is almost 13% of GDP, much higher than in developed countries. The higher logistical cost has drastically reduced India’s competitiveness in export. According to experts, creating high-quality infrastructure is a proven way to smoothen economic activities and create massive employment opportunities. In a nutshell, PM Gati Shakti will not only benefit Hyderabad real estate but also help in the state's overall growth. 

Goals of PM Gati Shakti 

Below mentioned are the various goals of PM Gati Shakti: 

  • Roadways capacity is to be increased with the national highway network to touch the 2 lakh-km mark. 

  • Aviation will receive a tremendous boost, with around 200 new airports, heliports etc. 

  • Railways transport cargo capacity to be increased to around 1,600 tonnes by FY25 

  • Easy electricity access with the transmission network to be expanded to 454,200 circuit km 

  • Renewable capacity to be increased to 225 GW by FY25. 

  • Approximately 17,000 km of gas pipelines will be completed by FY25 

  • Availability of 4G connectivity for the villages by FY22 

  • 20 new mega food parks 

  • 11 industrial corridors and two new defense corridors in Tamil Nadu and Uttar Pradesh 

Expectations of real estate Hyderabad from PMGS 

  • The scheme will help to map the existing and proposed connectivity projects. 

  • The scheme will connect various industrial hubs of Hyderabad, particularly for Last Mile Connectivity 

  • The integrated transport connectivity will support the ‘Make In India’ mission holistically 

  • It will help India become the business capital of the world 

Latest update on PM Gati Mission 

Here are a few of the latest updates on PM Gati mission: 

  • The Ministry of Commerce has confirmed that fourteen social sector ministries have been added to the master plan to broaden its reach. 

  • The Network Planning Group (NPG) (under the PMGS) recommended six infrastructure projects that aim to provide multimodal connectivity, efficient logistics, and seamless movement of goods and passengers across the country. 

  • The Indian government has announced the development of 101 ports and shipping projects under the PM Gati Shakti mission. 

To conclude, the PM Gati Mission will help Hyderabad real estate thrive with smooth and fast connectivity to the industrial hubs of the city and country. Huge employment opportunities, better infrastructure, and high-end living; undoubtedly, Hyderabad will establish itself as the face of the nation in the coming years. Still, wondering if Hyderabad real estate will be the right place to invest? Visit Property Advisor to know more!