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- 31 Jan 2022
- ICICIdirect Research
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ECONOMIC SURVEY : 2021-2022: LOGISTICS SECTOR
- Pradhan Mantri Gati Shakti National Master Plan (NMP) which was approved in October 2021 aims to provide multimodal connectivity to various economic zones and integrate the infrastructure linkages holistically for seamless movement of people, goods & services to improve logistics efficiency. Gati Shakti will bring 16 Ministries together for integrated planning and coordinated implementation of infrastructure connectivity projects like Bharatmala, Sagarmala, inland waterways, UDAN etc. NMP will cover Economic zones like textile clusters, pharmaceutical clusters, electronic parks, etc. to make Indian businesses more competitive globally by cutting down the logistics costs and ensure proper linkages for local industry & consumers.
- The National Rail Plan lays down the road map for capacity expansion of the railway network by 2030 to cater to growth up to 2050. It envisages the creation of a future ready railway system that is able to not only meet the passenger demand but also increase the modal share of railways in freight to 40-45% from the present level of 26-27%. As per the National Rail Plan, the freight ecosystem is expected to grow from the present level of 4700 MT to 8200 by 2030. At present the railway capacity is barely able to carry 1220 MT which is around 26-27% of the modal share. The Plan provides a pipeline of projects, which on completion will increase railway capacity to capture 45% of freight traffic.
- The Sagarmala programme is the flagship progamme of the Ministry of Ports, Shipping and Waterways to promote port-led development in the country by taking advantage of India’s 7,500 km long coastline, 14,500 km long potentially navigable waterways and the strategic location on major maritime trade routes. The core vision of the Sagarmala programme is to reduce the logistics cost for export, import and domestic trade. Presently, a total of 802 projects worth Rs. 5.53 lakh crore are part of Sagarmala Programme. Of these, 181 projects worth Rs. 94,712 crore have been completed and 398 projects worth Rs. 2.48 lakh crore are under various stages of implementation