434 Projects Identified Under PM Gati Shakti To Transform India's Logistics With Rs 11.17 Lakh Crore Investment

The Ministry of Finance has revealed significant strides in strengthening India’s logistics network under the PM Gati Shakti initiative.

A total of 434 projects have been identified under the initiative, spanning three key economic corridor programmes aimed at enhancing multi-modal connectivity and logistics efficiency.

In a post on X, the Ministry highlighted, “With 434 projects identified under the three major economic corridor programmes, PM Gati Shakti for Multi-Modal Connectivity will ensure both, the logistic efficiency and logistic cost.”

These projects carry a massive outlay of Rs 11.17 lakh crore and focus on three major economic corridors:

• Energy, Mineral, and Cement Corridors (192 projects)

• High Traffic Density Corridors (200 projects)

• Port Connectivity Corridors (42 projects)

Progress is already visible in the Gati Shakti Cargo Terminal (GCT) programme.

As of 31 October 2024, 91 terminals have been commissioned, and 234 projects have received in-principle approvals.

Additionally, 339 applications for new terminals have been submitted, signalling widespread interest in the initiative.

The government has sanctioned 68 projects covering 6,290 km with a cost of Rs 1.11 lakh crore.

Simultaneously, 88 projects spanning 10,603 km and costing Rs 2.25 lakh crore are under appraisal and inter-ministerial review.

By focusing on multi-modal logistics and streamlining transportation networks, the initiative promises to reduce logistics costs and drive economic growth.

This effort aligns with the Union Budget 2024-25's vision of "Viksit Bharat," prioritising infrastructure investment for a developed India.

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