India has a 1.2 trillion infra plan to snatch factories from China

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NEW DELHI: In India, half of all infrastructure projects are delayed. and one in four-run over their estimated cost and budget. PM Modi believes technology is the solution to these perennial and notorious problems. Under a 100-trillion-rupee ($1.2 trillion) mega project called PM Gati Shakti — Hindi for strength of speed — Modi’s administration is creating a digital platform that combines 16 ministries. The portal will offer investors and companies a one-stop solution for the design of 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  ..

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