Cabinet approves 12 Industrial nodes/cities under National Industrial Corridor Development Programme

India is on the brink of a significant transformation by approving 12 new project proposals under the National Industrial Corridor Development Programme (NICDP). The Cabinet Committee on Economic Affairs, led by Prime Minister Mr. Narendra Modi, has sanctioned these projects with an estimated trade of US$ 3.41 billion (Rs. 28,602 crore), aiming to establish a robust network of industrial smart cities across 10 states. These strategically located projects along 6 major corridors will enhance India's manufacturing capabilities and economic growth, with industrial nodes planned in Khurpia (Uttarakhand), Rajpura-Patiala (Punjab), Dighi (Maharashtra), Palakkad (Kerala), Agra and Prayagraj (Uttar Pradesh), Gaya (Bihar), Zaheerabad (Telangana), Orvakal and Kopparthy (Andhra Pradesh), and Jodhpur-Pali (Rajasthan). These developments will create vibrant industrial ecosystems by attracting investments from both large industries and MSMEs, contributing to the goal of achieving US$ 2 trillion in exports by 2030.

The NICDP is expected to generate significant employment, with 1 million direct jobs and up to 3 million indirect jobs anticipated. These industrial cities, developed as greenfield smart cities with sustainable and advanced infrastructure, are aligned with the PM GatiShakti National Master Plan, ensuring seamless connectivity and efficient operations. The initiative supports the broader objective of creating an 'Atmanirbhar Bharat,' positioning India as a key player in Global Value Chains (GVC). Furthermore, the projects' focus on sustainability, through ICT-enabled utilities and green technologies, will ensure minimal environmental impact, making these industrial hubs models of economic growth and environmental stewardship. With the completion of 4 projects and 4 more under implementation, the NICDP highlights the government's commitment to transforming India's industrial landscape and fostering inclusive economic development.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.