Cabinet Committee on Economic Affairs chaired by the Prime Minister recently approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP).
About National Industrial Corridor Development Programme:
- India will initiate Industrial Smart Cities spanning across 10 states and strategically planned along 6 major corridors.
- This move is set to transform the industrial landscape by creating a robust network of industrial nodes and cities that will significantly boost economic growth and global competitiveness.
- These projects represent a significant leap forward in India’s quest to enhance its manufacturing capabilities and economic growth.
- Industrial areas include Khurpia (Uttrakhand), Rajpura-Patiala (Punjab), Dighi (Maharashtra), Palakkad (Kerala), Agra and Prayagraj, Gaya (Bihar), Zaheerabad (Telangana), Orvakal and Kopparthy in AP etc.
Strategic Investments:
- NICDP is designed to foster a vibrant industrial ecosystem by facilitating investments from both large anchor industries and Micro, Small, and Medium Enterprises (MSMEs).
- These industrial nodes will act as catalysts for achieving $2 trillion in exports by 2030, reflecting the government’s vision of a self-reliant and globally competitive India.
Smart Cities and Modern Infrastructure:
- The new industrial cities will be developed as greenfield smart cities of global standards, built “ahead of demand” on the ‘plug-n-play’ and ‘walk-to-work’ concepts.
- This approach ensures that the cities are equipped with advanced infrastructure that supports sustainable and efficient industrial operations.
- It is aligned with the PM GatiShakti National Master Plan, and feature multi-modal connectivity infrastructure, ensuring seamless movement of people, goods, and services.
Vision for a ‘Viksit Bharat’:
- The approval of these projects is a step forward in realizing the vision of ‘Viksit Bharat’ – a developed India.
- India can be a strong player in Global Value Chains (GVC), the NICDP will provide developed land parcels ready for immediate allotment, easier for domestic and international investors.
- NICDP would generate an estimated 1 million direct jobs and upto 3 million indirect jobs being created through planned industrialization.
- This will not only provide livelihood opportunities but also contribute to the socio-economic upliftment of the regions where these projects are being implemented.
- The projects under the NICDP are designed with a focus on sustainability, incorporating ICT-enabled utilities and green technologies to minimize environmental impact.
Ref: Source
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Frequently Asked Question:
What is the National Industrial Corridor Development Programme (NICDP)?
The NICDP is an initiative by India to develop Industrial Smart Cities across 10 states, strategically located along 6 major industrial corridors.
How many states are involved in the NICDP?
The NICDP will span across 10 states in India.
What is the primary goal of the NICDP?
The primary goal is to enhance India’s manufacturing capabilities, boost economic growth, and improve global competitiveness. It aims to achieve $2 trillion in exports by 2030.