New Delhi ∙ Prime Minister Narendra Modi and the central government have come up with a major plan to avoid delays and overspending in infrastructure development projects in the country. For this, the central government is in the process of preparing a digital platform by integrating 16 ministries as part of PM Gati Shakti.
The aim is to attract industries from China to India. A mega project worth 1.2 trillion dollars is being prepared. A single window system will be in place for project design, seamless approval, cost reduction etc. It is estimated that this will be of great help to investors and companies.
“The aim is to implement projects quickly by avoiding wasting time and money. Global companies should choose India as a production base. ” – said Amritlal Meena, Special Secretary, Logistics, Ministry of Commerce and Industry. It is estimated that quick implementation of projects will give India an upper hand and companies from China will come here.
Companies have lost interest in China, which remains a closed country with little contact with the outside world. India will also benefit from the ‘China Plus’ policy of companies to open manufacturing bases outside China. Companies aim to diversify in business and distribution. India is the third largest economy in Asia. The fact that workers here are paid less and that they speak English is an advantage for companies.
The Centre’s effort is to reduce the ‘bureaucracy problem’ which hinders development projects through technology. More than 40 percent of the more than 1,300 projects on the Gati Shakti portal have been blocked due to land acquisition, forest-environment clearance, etc. The central government intends to make the country competitive in development plans, as Europe did after the Second World War and China in 1980-2010.
English Summary: India Has $1.2 Trillion Plan to Seize Factories from China