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The government is actively developing industrial corridor projects as part of the National Industrial Corridor Development Programme (NICDP) to position India as a competitive global manufacturing and investment hub, according to Minister of State in the Ministry of Commerce and Industry, Jitin Prasada. These projects, aimed at fostering greenfield industrial areas and regions, are designed to enhance Indias manufacturing capabilities and attract investment. In his statement to Lok Sabha on Tuesday, Prasada outlined the ongoing initiatives under NICDP, including the Shendra-Bidkin Industrial Area (SBIA) and Dighi Port Industrial Area (DPIA) in Maharashtra. Furthermore, the government has conceptualized the Amritsar Kolkata Industrial Corridor (AKIC) along the Eastern Dedicated Freight Corridor (EDFC). Two key projects, IMC Agra and IMC Prayagraj, proposed by the state government, were approved in August 2024, as per the minister’s update. Regarding funding, Prasada clarified that while no funds have been released by NICDIT to MITL (Special Purpose Vehicle at Shendra Bidkin Industrial Area) in the past three years, a total of ?3,000 crore has been allocated for the development of trunk infrastructure at SBIA. The government is also prioritizing the development of the footwear and leather industries under the Indian Footwear and Leather Development Programme (IFLDP) with an allocation of ?1,700 crore until March 2026. Maharashtra has received ?5.75 lakh for the technological upgrade of a unit in the state, and the development of the Mega Leather Footwear and Accessories Cluster at Ratwad Village has been approved with a total project cost of ?256.42 crore. Additionally, Prasada highlighted the establishment of Project Development Cells (PDCs) within relevant ministries to expedite investment processes and enhance industrial development in states like Himachal Pradesh, Uttarakhand, Jammu & Kashmir, and Ladakh. |
