Finance Minister Reviews NICDP Progress, Urges Accelerated Execution and Investment Inflow

New Delhi, Aug 18 (KNN) Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired the third meeting of the Apex Monitoring Authority of the National Industrial Corridor Development and Implementation Trust (NICDIT) in New Delhi to review projects under the National Industrial Corridor Development Programme (NICDP).

Union Minister for Commerce and Industry Piyush Goyal and other senior officials also attended the meeting.

Sitharaman called for faster completion of infrastructure, land allotment, investment and commencement of production, while asking States to address issues related to land, connectivity, utilities and statutory clearances.

Goyal called for investor-ready industrial ecosystems with plug-and-play infrastructure and said BHAVYA and future industrial developments should be aligned with PM GatiShakti.

NICDP currently covers 20 approved projects across 13 States and seven industrial corridors. Four industrial smart cities — Dholera, Shendra-Bidkin, Greater Noida and Vikram Udyogpuri — have entered the production stage.

So far, 469 plots covering around 5,348 acres have been allotted, with estimated investment potential of Rs 2.21 lakh crore and employment potential of about 1.29 lakh persons. 134 units are in production and 95 are under construction.

The meeting also reviewed BHAVYA, which aims to develop 100 investment-ready plug-and-play industrial parks. The first round received 87 applications from States, against up to 20 projects proposed for approval.

The Authority said the focus would be on converting industrial infrastructure into investment, production and employment.

(KNN Bureau)