Bhubaneswar: PM GATI Shakti – Guided to offer great public investment to create world-class infrastructure and logistics, owned by Finance Minister Nirmala Sitharaman mentioned in the Union 2022-23 budget on Tuesday, the possibility of benefiting a strategic location.
Launched in October 2021, PM Gati Shakti National Master Plan was the Narendra Modi Government initiative to ensure coordinated planning and implementation of infrastructure projects such as roads, trains, airports, ports, mass transportation, waterways and logistics.
The plan, which includes infrastructure developed by the state government, aims to reduce project logistics costs.
Because Odisha has several mining-based industrial homes, it offers long-term potential for handling cargo by utilizing a 480km coastline.
While the country, today, has three ports of all weather in Pararp, Dhamra and Gopalpur, three other ports in Astaranga, the mouth of Subarniarekha and river port near Mahakalapada is expected to be ready in several years.
The state government has also identified nine more potential port locations.
“The state government is always concerned with the development of infrastructure projects such as roads, trains, airports and ports.
Making logistics infrastructure is also one of our focus areas.
If the Center creates the required budget provisions, it will be very beneficial for Odisha,” said Minister of Trade Minister The Padmanabha Behera part to Tii.
Odisha also saw a large share because the finance minister union announced the expansion of a national highway of 25,000 km by 2022-23 with an investment of RS 20,000 Crore.
The strategic location of the state that connects east to the West will also ensure a faster highway expansion.
The economic corridor of Raipur-Visakhapatnam, which will be developed at RS 1,539 Crore, is expected to benefit several interior bags in Nabarangpur and Coraput Regency.
This center has also planned to provide several other highway projects such as the Ambitious Coastal Highway, the Capital Ring Road Road and others in the next financial year.
Emphasis on the train project also brings hope on the creation of a special corridor for transportation of goods that are faster.
Sitharaman announced to provide a contract for the implementation of multimodal logistics parks in four locations through public-private-partnership mode in 2022-23.
Odisha might get it.
Steelmakers in the state also welcome to move.
Dilip Oommen, President of the Indian Steel Association and CEO, AM / NS India, praised the budget when putting a blueprint for Amrit Kaal.
“Significant increase of 35.4% in capital expenditure to Rs 7.50 Lakh Crore will also have a multiplier effect and provide encouragement to encourage growth, so it helps in the creation of steel demand,” said ommen.