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55 ministries to spend 10% of their budget for improving logistics Infrastructure in North East

Dr Rajkumar Ranjan Singh, Minister of State of External Affairs said that 55 Central Ministries to spend 10% of their budget for improving Logistics Infrastructure in North East.

He said, “NE seeing dawn of new hopes and opportunities for becoming the manufacturing hub of the country with PM GatiShakti with world class seamless multimodal connectivity being implemented. ”

Confederation of Indian Industry (CII) in association with DPIIT organised the first ever CII North East Logistics Conclave in Guwahati on Tuesday.

The union minister mentioned that the PM GATISHAKTI would ensure world class seamless multimodal connectivity providing complete information on resources, manpower and infrastructure projects in the northeast. He further elaborated that this would bring down cost overruns for the infrastructure project being implemented which would track timely implementation. The gati shakti would also provide access to difficult areas in the north east through technological intervention and policy initiative giving and a massive boost to the 200 billion logistics economy in the region.
The union minister has mentioned that PM has identified 55 central ministries to spent 10% of their budget for improving Logistics Infrastructure in North East.

Ministry of external affairs is working very closely with Bangladesh to improve the rail,air, road and water connectivity. the speedy implementation of this project connecting NE and Bangladesh would be part breaking in the region and will contribute to india’s economy immensely.

Bimal Borah minister of industries and commerce, government of Assam mentioned that PM’S Gatishakti will accelerate the project of peace and development in the region. He mentioned that Assam is proposing to set up the second logistics part at Silchar after Jogigopa.

Assam is also the only state in the country with dedicated logistics department.The government has already earmarked 15% of the land for logistics development.

Santana Chakma, Minister for Industry & Commerce ,Social Welfare & Social Education, Government of Tripura stated that Tripura has been identified as the first mover State in terms implementing logistics Policy. She mentioned that the State is coming up with the Logistics Policy soon. An amount of 35 crores has been sanctioned for infrastructure for industrial estates and infrastructure state logistics under state action plan.

R Dinesh, President Designate, CII and Executive Vice Chairman, TVS Supply Chain Solutions Limited reiterated that the announcement of the PM Gati Shakti and the National Logistics Policy is likely to bring down the cost of doing business in the North East. North East with a pool of educated youth can avail technology for reaching to global market. The supply chain needs to be strengthened for the ease of doing business in the North East.

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