Gati Shakti Scheme to Help Local Manufacturers Compete with Global Peers

Manufacturing Industry

As India celebrated its 75th Independence Day, Prime Minister Narendra Modi announced a mega Rs. 100 lakh crore project in the name of the Gati Shakti scheme that aims at the holistic development of the infrastructure across the country. 

As per the PM, the scheme will help to enhance the capabilities of the local manufacturers and help them compete globally. India needs to increase manufacturing output as well as exports. “In the coming days, we are going to launch PM Gati Shakti Plan, a 100 lakh crore national infrastructure master plan which will make a foundation for holistic infrastructure and give an integrated pathway to our economy,” said Prime Minister Modi, addressing the nation from the ramparts of the Red Fort on the occasion of India’s 75th Independence Day.

More details about the Gati Shakti scheme will be announced by the government soon.

 

National Hydrogen Mission

National Hydrogen Mission
Source: EQ International

The Prime Minister also announced the launch of the National Hydrogen Mission to make India a global green hydrogen hub in the years to come. The scheme would help India to make rapid progress in the field of green energy and become a key producer and exporter. It also helps to create new jobs for the youth in the country.        

In addition to transportation, hydrogen is also used across several industries such as chemical, steel, iron, fertiliser, etc. as a decarbonising agent. The proposals for the National Hydrogen Mission were already made in the Union Budget 2021. The government is already working on a pilot project on Blue Hydrogen, Hydrogen CNG and Green Hydrogen.  

Fortified Rice

Source: Bioanalyst

Referring to malnutrition as an impediment to growth, Modi said that rice distributed through all government schemes such as public distribution system and mid-day meal, etc. will be fortified by 2024. “Malnutrition and lack of micronutrients are affecting the growth of poor children. Looking at this, it has been decided to fortify the rice given to the poor via different government schemes and Anganvadis,” said PM Modi.   

The government is already implementing a pilot project with a budget of Rs. 174.6 crore for the distribution of fortified rice to specially identified aspirational districts across 15 states. The Government of India supplies more than 300 lakh tons of rice through various schemes to people in the country.

With the government planning to expand the scheme across the country by 2024, the demand for fortified rice is going to increase. This would open up business opportunities to entrepreneurs in the country in the field of rice fortification.           

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