The Gati-Shakti Yojana needs meticulous coordination between the government and the private sector to achieve the goal of connectivity. Discuss. (UPSC CSE Mains 2022 - General Studies Paper 2)
PM Gati-Shakti is a transformative approach for economic growth and sustainable development. The approach is driven by 7 engines, namely: Railways, Roads, Ports, Waterways, Airports, Mass Transport, Logistics Infrastructure.
This strategy is energized by the utilization of clean energy and the collaborative efforts of the Central Government, state governments, and private sector, resulting in significant job creation and entrepreneurial opportunities for everyone.
Need for the Government and the Private sector coordination
- The goal is to improve the quality and efficiency of services offered, which will result in better outcomes for the people.
- Exchange of knowledge and skills between individuals, teams, and organizations helps to enhance managerial abilities and lead to better decision-making.
- Driving investments and financing will allow for more capital to be available, which can be utilized to drive economic growth and development.
- The mobilization of additional resources will help to fund and support various activities such as infrastructure projects, education, healthcare, etc.
- Encouraging innovation and technology development will drive growth and create new opportunities for entrepreneurs and businesses.
- Optimal utilization of government investments and infrastructure is necessary to ensure that resources are used efficiently and effectively.
- Cost-effectiveness and competitiveness are critical for businesses to thrive and be successful in a competitive market.
- Addressing structural and environmental issues is essential to ensure sustainable development and long-term economic growth.
- Promoting coordination, collaboration, and cooperative development will encourage collective action and help to build stronger partnerships between individuals, organizations, and governments.
Looking forward
- Strengthening the feasibility mapping of the project is necessary to ensure that the project can be implemented successfully and achieve its objectives.
- Viability gap funds are public funds that can be used to support infrastructure projects that are not financially viable on their own. Using these funds can help to ensure that the project is financially sustainable.
- Prudent fiscal reporting and risk allocation monitoring are crucial to ensure that all stakeholders understand the financial implications and risks involved in the project.
- Redesigning the PPP model can help to improve its effectiveness and efficiency, making it a more viable option for infrastructure development. This can lead to increased private sector participation and better outcomes for the public.
The National Infrastructure Pipeline projects related to the seven engines will be synchronized with the PM Gati-Shakti framework, enabling the incorporation of digital technology in Indian infrastructure and enhancing project execution and efficiency.
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