New Delhi, Feb 28: Prime Minister Narendra Modi on Monday said the PM Gati Shakti initiative will help in further developing modern infrastructure in the country through a better coordination and monitoring. He also asked the private sector to partner with the government and increase investments.

The PM Gati Shakti - National Master Plan was announced last year with an aim to break departmental silos and bring in more holistic and integrated planning and execution of projects with a view to address the issues of multi-modal and last-mile connectivities.

This will help in bringing down the logistics cost, Modi said while addressing the Department for Promotion of Industry and Internal Trade (DPIIT) stakeholders' meet on PM Gati Shakti. Union Budget 2022: 400 New Generation Vande Bharat Trains, 100 PM Gati Shakti Cargo Terminals To Be Procure During Next 3 Years, Says FM Nirmala Sitharaman.

He added that the government has increased investments in several sectors, including highways, optical fibre connectivity and renewable energy, and it is also committed to a balanced development of the north-eastern region.

PM Gati Shakti, he said, will also help boost exports and make MSMEs globally competitive.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)