In India, half of all infrastructure projects are delayed, and 1 in 4 run over their estimated budget. Prime Minister Narendra Modi believes technology is the solution to these perennial and notorious bottlenecks.
Under a 100-trillion-rupee ($1.2 trillion) mega project called PM Gati Shakti ¡ª Hindi for strength of speed ¡ª Modi¡¯s administration is creating a digital platform that combines 16 ministries. The portal will offer investors and companies a one-stop solution for design of projects, seamless approvals and easier estimation of costs.
¡°The mission is to implement projects without time overrun and cost overrun,¡± Amrit Lal Meena, special secretary of logistics in the ministry of commerce and industry, said in an interview in New Delhi. ¡°Global companies choosing India as their manufacturing center is the objective.¡±
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