GATI SCHEME
Cabinet approves Rs 10,000 crore container manufacturing scheme
The Indian government has approved a Container Manufacturing Assistance Scheme with a total budget of Rs 10,000 crore. This scheme aims to build domestic manufacturing capabilities and reduce reliance on container imports. It will promote facilities, testing, and skills development in the container manufacturing sector. The scheme is expected to create thousands of jobs and enhance competitiveness against global producers.
PM GatiShakti completes 5 years, next phase focuses on multimodal connectivity: Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal on Tuesday said the PM GatiShakti National Master Plan would continue to support multimodal connectivity, faster infrastructure development and greater logistics efficiency as the initiative completed five years.
Make in India shifts focus to deeper manufacturing capabilities, global competitiveness: CII
CII said India’s manufacturing sector is shifting from simply expanding capacity to building domestic supply chains, developing technology and integrating deeper with global markets as Make in India completes 12 years.
Moody’s raises India FY27 growth forecast to 7% from 6% on resilient economy, stronger investment
Moody's has raised India's GDP growth forecast to seven percent for 2026-27. Strong private consumption and robust investment are driving this optimistic economic outlook. This revised forecast surpasses projections from the IMF and S&P Global Ratings. However, elevated energy prices and potential El Niño disruptions remain key risks. Fiscal consolidation is expected to continue gradually over the next few years.
Modinomics at 76: The birthday cake, the candles and the numbers
PM Narendra Modi turns 76 as he completes nearly 12 years in office, a period that has reshaped India’s economic landscape through infrastructure expansion, digitalisation, financial inclusion and policy reforms. While India has emerged as a major global economy, private investment, manufacturing depth and quality employment remain key unfinished parts of the economic story.
India highlights energy security, clean power and emerging tech at G20 Energy meeting in Houston
India's Union Power Minister Manohar Lal Khattar addressed G20 energy meetings. He highlighted India's significant progress in energy security and clean energy expansion. The minister also discussed regulatory efficiency improvements and digital platforms used. Bilateral talks focused on emerging energy technologies and cooperation with US and Canada. India reaffirmed its commitment to a balanced and future-ready energy strategy.
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Chhattisgarh steps up geospatial, logistics planning with two PM GatiShakti pacts
Chhattisgarh signed pacts with BISAG-N and NLDSL to enhance geospatial technology use. These agreements aim to foster sustainable economic growth and attract new investments. The state has onboarded over 35 departments onto the PM GatiShakti platform. GIS-based identification of road black spots improves road safety interventions. Chhattisgarh is recognized as a high performer in operationalizing PM GatiShakti.
Allcargo Logistics completes demerger of global supply chain biz
Allcargo Logistics has completed a significant restructuring. Its international supply chain business has been demerged into a new entity, Allcargo Global Limited. Simultaneously, the domestic express distribution and consultative logistics businesses have been merged into the existing Allcargo Logistics Limited. This move aims to enhance synergy and value creation. Shareholders will receive shares in both entities.
Allcargo Logistics gets NCLT approval for restructuring plans
Allcargo Logistics has received NCLT approval to demerge its international supply chain business into a new listed entity, Allcargo Global Limited. This restructuring will create four distinct listed strategic business undertakings, enhancing focus and efficiency for both international and domestic operations. Shareholders will receive shares in the new entity on a 1:1 basis.
PM Gati Shakti a solution to global transportation challenges: Michael Wilson, former judge, Hawaii
Michael Wilson lauded India's PM Gati Shakti initiative for its focus on accelerating transportation through sustainable practices. The initiative's cutting-edge technologies and integrated development aim to reduce logistics costs, enhance economic growth and highlight India's talent, expertise, and creativity in infrastructure projects.
Centre gives nod to implement Pradhan Mantri Gram Sadak Yojana phase four
The Union Cabinet, led by PM Narendra Modi, has approved the Pradhan Mantri Gram Sadak Yojana - IV for FY 2024-25 to 2028-29 with a budget of Rs 70,125 crore. This initiative aims to construct 62,500 km of roads, connecting 25,000 unconnected habitations and upgrading bridges using advanced construction technologies.
PM Gati Shakti scheme is transforming India's infrastructure: Morgan Stanley
In a recent report, Morgan Stanley has lauded India's PM Gati Shakti scheme, highlighting its significant impact on infrastructure development. The report emphasizes India's robust increase in infrastructure investment, projected to rise from 5.3% to 6.5% of GDP by F29, driven by a strong 15.3% CAGR. This growth is expected to total USD 1.45 trillion over five years, fostering high productive growth and enhancing investment rates. PM Gati Shakti integrates 16 ministries for coordinated infrastructure planning, focusing on multi-modal connectivity and logistics efficiency, which has shown tangible results in project completion and sectoral development.
Rooftop solar scheme may be linked with Gati Shakti programme
The PM Gati Shakti plan incorporates the infrastructure schemes of various ministries and state governments like Bharatmala, Sagarmala, inland waterways, dry and land ports, among others. Once under Gati Shakti, stakeholders like power distribution companies (discoms) can do better planning of the infrastructure and capacity addition required by them.
Skills ministry to use Gati Shakti data to chart training
The Ministry of Skill Development and Entrepreneurship (MSDE) has developed a gap-analyser tool that will help it do a one-on-one mapping of the skill training centres around key infrastructure projects and identify the indicative need for skilling, a senior government official told ET. Data from the Gati Shakti portal will help in doing the mapping.
Allcargo Logistics shares zoom over 9% on demerger announcement
Shareholders of Allcargo will get 1:1 shares in the demerged Allcargo ECU Limited and continue to hold their shares in Allcargo Logistics, which will now be the resulting entity holding Express and Contract Logistics business directly.
ET Exclusive: Allcargo Logistics announces demerger of ECU Worldwide into separate listed entity
The restructuring started with selling its non-core assets, progressed to giving exits to its partners and acquiring their stakes in business and has culminated with this demerger. The Allcargo Group will now have four listed entities Allcargo ECU, Allcargo Logistics (that will include the express business after it acquired Gati) apart from Allcargo Terminals and Transindia Real Estate, in each of which its promoters own 70%.
Arunachal cabinet approves logistics policy aligned with PM Gati Shakti for integrated development by 2047
In 2022, the National Logistics Policy was launched with focus on bringing in efficiency and reduce costs. In the 2022 annual report on Logistics Ease Across Different States (LEADS), Arunachal ranks in the 'Aspirer' category, behind the ‘Fast Mover’ and ‘Achiever’ categories, stating a clear need to have a policy intervention for improvements in the logistics sector.
India poised to become new destination of petrochemicals globally: Union Minister Mandaviya
Mandaviya said that due to India's business-friendly policies, the world finds India as a trusted ally and priority destination for investment
We have to wait and see how things pan out in EXIM sector: V Kalyana Rama, Concor
It is in a PPP model where the ROC will be very high because it is no investment from our side, asset-light model. With this, we are trying to increase the margins on domestic side so that our overall margin what we are operating, we will be able to maintain. It is a tough task.
DPIIT reviews progress made by social sector ministries in adoption of PM GatiShakti National Master Plan
The commerce and industry ministry said that "a whole of the government approach" is being adopted, for better decision-making, and planning of projects such as comprehensive mapping of schools, hospitals, services and public utilities.
Emami has decent growth prospects: 4 reasons analysts are bullish on the stock
Rising per capita income, increasing health awareness and growth of e-commerce will boost the FMCG sector, which will, in turn, improve Emami’s growth prospects.
DPIIT tells education, health mins to utilise PM Gati Shakti resources
The Department for Promotion of Industry and Internal Trade (DPIIT) has initiated talks with social sector departments and ministries, including health and education, for them to use PM Gati Shakti initiative to improve their functioning, a top official said Friday.
FM to meet state chief secretaries to push capex, flagship schemes
Finance minister Nirmala Sitharaman will meet state chief secretaries this week to push state capital expenditure and to have better synergy in implementation of flagship schemes.
Nirmala Sitharaman asks Niti Aayog to map all industrial zones under Gati Shakti initiative
These suggestions were made by the minister while she chaired the first meeting of the Apex Monitoring Authority for the National Industrial Corridor Development Programme(NICDP).
Gati Shakti: Expect infra to gain speed
Meanwhile, the target of expanding the national highway network by 25,000 kilometres in FY23 will give an immediate boost to infrastructure companies and also generate demand for construction equipment and commercial vehicles. The Centre has allocated Rs 20,000 crore for the plan.
Gati Shakti: Scindia says multi-modal connectivity will be achieved if Centre, states work together
"Gati Shakti is not a scheme, but it is an initiative, a foundation. But it will not be an exaggeration if I say that it is a 'brahmastra'," Scindia said at an event in New Delhi.
Govt to spend around Rs 50,000 cr to create 500 multi-modal cargo terminals in 4-5 yrs
Earlier, PM Modi launched 'GatiShakti' the National Master Plan for multi-modal connectivity. The multi-modal connectivity will provide integrated and seamless connectivity for the movement of people, goods, and services from one mode of transport to another.
PM Modi launches GatiShakti to boost India's infra development
Describing it as a historic event for the country's infrastructure landscape, the Prime Minister's Office said the GatiShakti project will break departmental silos and institutionalise holistic planning for the stakeholders across major infrastructure projects.
MP gazab hai, it's the pride of India: PM Modi
The SVAMITVA Yojana, a scheme towards establishment of clear ownership of property in rural areas, has enhanced strength of the rural economy and it will write a new chapter of development of villages in the country, Prime Minister Narendra Modi.
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