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31/05/2023 02:24pm

Union Minister Piyush Goyal urges States for quicker allotment of lands at reasonable rates for industrial corridor development

image Union Minister Piyush Goyal urges States for quicker allotment of lands at reasonable rates for industrial corridor development

New Delhi, May 31 (KNN) Participating in the review related to the activities of National Industrial Corridor Development and Implementation Trust (NICDIT), Union Minister for Commerce and Industry, Piyush Goyal on Tuesday asked the States for faster allocation of lands at reasonable price.

He emphasized upon the financial viability of the projects and stated that States should adopt innovative models and offer package deals etc. for faster investments.


The Union Minister said that electricity rates should be affordable and consistent as high rates of electricity are a deterrent to the industry.

Union Finance and Corporate Affairs Minister, Nirmala Sitharaman chaired the 2nd meeting of the Apex Monitoring Authority constituted to review the activities of NICDIT.

Union Minister of Ports, Shipping and Waterways & Ministry of Ayush, Sarbananda Sonowal also attended the meeting.

The Apex Monitoring Authority comprises of Finance Minister as Chairperson, Minister-in- charge, Ministry of Commerce & Industry, Minister of Railways, Minister of Road Transport & Highways, Minister of Shipping, Vice Chairman, NITI Aayog, and Chief Minister(s) of States concerned.

Chief Ministers from four states, viz. Gujarat, Haryana, Uttarakhand, and Maharashtra; Ministers from 9 States viz. Bihar, Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, Kerala, Punjab, Jharkhand, Karnataka, and Rajasthan besides senior officials from all the states attended the meeting.

She emphasized upon the need to ensure continued coordination between the Central and the State Governments and said they should work collectively as ‘Team India.’

Union Finance Minister stated that “FIRE Corridors = F – Freight; I – Industrial; R – Railways; E – Expressways” will ignite industrialization & economic development in India.

She urged the State Governments and NICDIT to maintain the same momentum for realizing the vision of Prime Minister Narendra Modi of a Developed India by 2047. 

She urged all the States to tie up loose ends and move forward and resolve all pending issues through greater exchange and sharing of information to expedite the progress of works in the respective States.  (KNN Bureau)


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