2 weeks ago
National Industrial Corridor Programme: Rs 2.21 lakh crore investment potential
India is trying to build new modern factory cities along big transport routes.
This plan is called the National Industrial Corridor Development Programme.
A very important government official named Nirmala Sitharaman checked on how the plan is going.
So far, land has been given out at 469 spots covering about 5,348 acres.
This could bring in about Rs 2.21 lakh crore of new investment.
Around 134 factories are already making things, and 95 more are being built.
The plan is happening in 13 states and could create jobs for about 1.29 lakh people.
Four new smart cities for factories have started working.
The government also wants to build 100 ready-made industrial parks where companies can easily set up.
States have already sent in 87 ideas for these parks.
Finance Minister Nirmala Sitharaman chaired a meeting reviewing the National Industrial Corridor Development Programme, urging faster completion of infrastructure, land allotment, investment and production.
Official data shows 469 plots covering around 5,348 acres have been allotted under the programme, with an estimated investment potential of approximately Rs 2.21 lakh crore.
Around 134 units are already in production and 95 more are under construction, with work underway on 20 projects across 13 states and seven industrial corridors.
Four greenfield industrial smart cities — Dholera, Shendra-Bidkin, Greater Noida and Vikram Udyogpuri — have entered the production stage, with an employment potential of about 1.29 lakh people.
The review also covered the Bharat Audyogik Vikas Yojana (BHAVYA), which received 87 applications from states against up to 20 industrial parks proposed for approval in the first round.
The Department for Promotion of Industry and Internal Trade has sanctioned and released Rs 16,172.95 crore to the National Industrial Corridor Development and Implementation Trust, which released Rs 14,569.97 crore to project Special Purpose Vehicles.
- Who
- Finance Minister Nirmala Sitharaman and the Apex Monitoring Authority, with Union Minister Sarbananda Sonowal also emphasising the integration of national waterways with the corridors.
- What
- A review of the National Industrial Corridor Development Programme covering land allotment, infrastructure, investment and production, along with the rollout of the Bharat Audyogik Vikas Yojana (BHAVYA) industrial parks scheme.
- Where
- India, with 20 projects under development across 13 states and seven industrial corridors, including the Delhi Mumbai Industrial Corridor and the Chennai Bengaluru Industrial Corridor.
- When
- The review meeting was held on Monday; the BHAVYA scheme was approved in March this year.
- Why
- To accelerate timely completion of infrastructure, land allotment, investment and production under the flagship programme and to reduce entry barriers for investors through ready-made industrial parks.
Key facts
- Programme
- National Industrial Corridor Development Programme (NICDP)
- Plots allotted
- 469 plots covering around 5,348 acres
- Investment potential
- Approximately Rs 2.21 lakh crore
- Units in production / under construction
- 134 units in production; 95 units under construction
- Projects and coverage
- 20 projects across 13 states and seven industrial corridors
- Smart cities in production stage
- Dholera, Shendra-Bidkin, Greater Noida, Vikram Udyogpuri
- Employment potential
- Around 1.29 lakh people
- BHAVYA applications
- 87 proposals from states for up to 20 parks in the first round
Quotes
Press Information Bureau
Indian government press release
“The Finance Minister stressed that the focus must now move beyond project approvals towards timely completion of infrastructure, land allotment, investment and commencement of production. She urged States to resolve bottlenecks relating to land, connectivity, utilities, statutory clearances and the powers of project Special Purpose Vehicles”
financialexpress.com
“Sitharaman had ‘emphasised that the next pipeline of industrial land and infrastructure should be prepared well before the existing inventory is exhausted’”
financialexpress.com
Sources
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