Prime Minister Shri Narendra Modi will address the post-Budget Webinar on ‘Infrastructure and Investment – Improving Logistics Efficiency with PM Gati Shakti National Master Plan’ on 4th March, 2023 at 10 AM via video conferencing. It is a part of 12 post-Budget webinars being organized by the Government to seek ideas for implementation of the Budgetary announcements.
The Union Budget adopts seven priorities which complement each other and act as the ‘Saptarishi’ guiding us through the “Amrit Kaal”. Infrastructure & Investment is one of the priority sectors of the Government. The Webinar on infrastructure and investment is being organized by the Ministry of Road Transport and Highways (MoRTH) as the Lead Ministry, in association with DPIIT, Ministry of Commerce and Industry as the Co-Lead Ministry. It will be structured in the format of plenary inaugural and concluding sessions and split into three parallel Breakout sessions. The breakout sessions will cover suggestions on Budget announcements related to infrastructure and investment, their implementation and way forward.
The three parallel Breakout sessions will be – “Improving Logistics Efficiency via Multi-Modality & Filling Critical Infrastructure Gaps”, anchored by the Ministry of Ports, Shipping and Waterways; “Planning on PM Gati Shakti National Master Plan”, anchored by the DPIIT and “Infrastructure Development & Investment Opportunities”, which will be anchored by MoRTH.
Besides Ministers and Secretaries of the concerned Central Government Ministries, a host of stakeholders drawn from States, industry, associations, investment groups, concessionaires etc. would attend the Webinar and contribute through suggestions for better implementation of the Budgetary announcements. The list of speakers has been drawn up from manufacturers, private operators, implementing agencies, NGOs, independent experts etc. to share their thoughts on various dimensions of the impact of the Union Budget and discuss their implementation.
Some of the industry leaders and experts who are likely to address during the event include Shri Dhruv Kotak (MD, JM Baxi Group), Shri R Dinesh (MD, TVS Logistics & CII President Designate), Shri Ashok Sethi (Chairman, Tata Consulting Engineers Ltd), Shri Manu Bhalla (President, Warehousing Association of India), Shri Ajit Gulabchand (CMD, Hindustan Construction Company Ltd), Davinder Sandhu (Chairman, Primus Partners), Shri Vinayak Pai (MD, Tata Projects), Shri Shashank Srivastava (ED, Maruti Suzuki).
The Webinar will be conducted in a virtual mode and invitees will include State Govt representatives, local body representatives, technical institutions, industry representatives, NGOs, independent experts etc.
Infrastructure is an essential component of economic growth and development, as it enables businesses to operate more efficiently and effectively, creates jobs, and improves the quality of life for individuals and communities. Investments in infrastructure have higher multiplier effect for economic growth. The Government, in the last few years, has been providing higher Budgetary allocation to ensure the creation of world-class infrastructure across the country.
The Government, under the visionary leadership of Prime Minister Shri Narendra Modi, has increased the Budgetary allocation of infrastructure Ministries in line with its commitment to develop world-class infrastructure. The Union Budget for FY2023-24 is the reflection of this vision with a significant capital expenditure allocation focused on infrastructure development. Within this outlay, Road Transport & Highways and Railways are the key target areas where allocation has increased by 25% and 15% respectively to 2.7 Lakh Cr. and 2.4 Lakh Cr. respectively. The significant increase in allocation is expected to enable Government of India to continue to push execution of previously announced long-term programmes and initiatives, thereby supporting India’s GDP growth amidst global headwinds.