NICDC honoured with Udyog Vikas Award for Palakkad Industrial Smart City initiative

31 May 2025 CW Team

During his address, Shri Varma lauded the Integrated Manufacturing Cluster (IMC) at Palakkad, stating, “The project is poised to reshape the infrastructure and industrial landscape of Kerala and the broader southern region of the country.”

The event included a technical session on the National Industrial Corridor Development Programme, which provided insights into the strategic vision, planning, and progress of the Palakkad Industrial Smart City. NICDC Logistics Data Services Ltd. (NLDSL) also highlighted the innovative digital solutions through the Logistics Data Bank (LDB) and Unified Logistics Interface Platform (ULIP).

Spanning 1,710 acres across Pudussery Central, Pudussery West, and Kannambra, Palakkad Industrial Smart City marks a key milestone in Kerala’s industrial development. Located 21 km from Palakkad city and well-connected by road, rail, and air, it offers seamless interstate connectivity and logistical advantages, making it a major industrial gateway for South India.

Key milestones achieved include 81% land possession, environmental clearances granted as of January 1, 2025, issuance of Letter of Award to Project Management and Construction Consultant, and ongoing finalisation of EPC tender documents.

NLDSL showcased its contributions to transforming India’s logistics ecosystem since its inception in September 2022. ULIP has integrated 43 systems from 11 ministries, connecting 129 APIs and over 1,800 data fields, benefiting more than 1,300 registered companies and enabling over 100 crore API transactions. The platform aligns with Prime Minister Shri Narendra Modi’s vision for a unified and efficient logistics network.

NICDC’s award recognises its pivotal role in driving India’s industrial transformation and boosting the nation’s global manufacturing and logistics competitiveness.

National Industrial Corridor Development Corporation (NICDC) received the Udyog Vikas Award at the Udyog Vikas event organised by Kerala’s Janmabhumi Daily. The ceremony was graced by Union Minister of State for Heavy Industries, Public Enterprises, and Steel, Shri Bhupathi Raju Srinivasa Varma, who reaffirmed the government’s commitment to developing state-of-the-art Greenfield Industrial Smart Cities nationwide. During his address, Shri Varma lauded the Integrated Manufacturing Cluster (IMC) at Palakkad, stating, “The project is poised to reshape the infrastructure and industrial landscape of Kerala and the broader southern region of the country.” The event included a technical session on the National Industrial Corridor Development Programme, which provided insights into the strategic vision, planning, and progress of the Palakkad Industrial Smart City. NICDC Logistics Data Services Ltd. (NLDSL) also highlighted the innovative digital solutions through the Logistics Data Bank (LDB) and Unified Logistics Interface Platform (ULIP). Spanning 1,710 acres across Pudussery Central, Pudussery West, and Kannambra, Palakkad Industrial Smart City marks a key milestone in Kerala’s industrial development. Located 21 km from Palakkad city and well-connected by road, rail, and air, it offers seamless interstate connectivity and logistical advantages, making it a major industrial gateway for South India. Key milestones achieved include 81% land possession, environmental clearances granted as of January 1, 2025, issuance of Letter of Award to Project Management and Construction Consultant, and ongoing finalisation of EPC tender documents. NLDSL showcased its contributions to transforming India’s logistics ecosystem since its inception in September 2022. ULIP has integrated 43 systems from 11 ministries, connecting 129 APIs and over 1,800 data fields, benefiting more than 1,300 registered companies and enabling over 100 crore API transactions. The platform aligns with Prime Minister Shri Narendra Modi’s vision for a unified and efficient logistics network. NICDC’s award recognises its pivotal role in driving India’s industrial transformation and boosting the nation’s global manufacturing and logistics competitiveness.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Real Estate

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Real Estate

06 Apr 2026

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..