India has taken action to de-risk infrastructure development
private investment in this field). However, a paradigm shift is underway as we move from sole reliance on public capex to incorporating private investment for infrastructure development. Therefore, promotional measures and de-risking strategies for investment have become crucial.
The Indian government has encouraged private and foreign investment through various promotional measures, such as a liberal FDI policy, Ease of Doing Business measures like a National Single Window System, fiscal incentives, and the establishment of agencies like Invest India, among others. Alongside, a range of investment de-risking measures have also been introduced, leveraging technology, an integrated approach in planning, rationalized risk-sharing mechanisms, etc. The triad of PM Gati Shakti, Project Monitoring Group (PMG) and public private partnerships (PPP) forms the backbone of these de-risking measures.
PM Gati Shakti seeks to revolutionize infrastructure development through a ‘whole of the government’ approach: a digital Geographic Information System (GIS)-based platform and an institutional arrangement. This initiative aims to develop plans for integrated multimodal infrastructure for the efficient transportation of goods and people. Its national master plan has integrated over 1,460 GIS data layers representing infrastructure assets, with topographical as well as geographical features, and data related to 15 social sectors.
By bringing together various ministries and departments on a single digital platform, PM Gati Shakti enables data-driven decision-making for project planning and implementation. More than 38 ministries/departments of the central government, 28 states and eight Union territories are already part of it. The
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