Piyush Goel urges states to fast track NICDC projects

25 Apr 2022 CW Team

Piyush Goyal in the Investor Round Table Conference on the National Industrial Corridor Development Program (NICDC), urges India towards making the best use of available facilities and coming up with ideas for the future.

He said that 18 states are urged to decide, offer the land, or have to foreclose those projects and maybe offer them to other states willing to speed up the investment.

He said that the units must be set up soon, which would absorb the new technologies and create employment opportunities.

The government approved NICDC in December 2020 for developing 11 industrial corridors and developing 32 state-of-the-art projects in 4 phases by 2026-27.

A combined investment of Rs 16,760 crore has been completed in four cities for the 173 allotted plots. The four Smart industrial cities are emerging at Dholera in Gujarat, Shendra Bidkin in Maharashtra, Vikram Udhogpuri in Madhya Pradesh and Integrated Industrial Township in Greater Noida in Uttar Pradesh.

Goyal urged entrepreneurs to benefit from government initiatives, including NICDC, Digital India, Smart Cities, $1.4 trillion infrastructure projects in the National Infrastructure Pipeline, NICDC facilities and financial inclusion.

He said that several states are offering incentives under NICDC projects. CEO of the Greater Noida Authority has committed to allotment of land in 20 days, and CEO, Dholera has offered a 50% discount on the land cost to the first anchors for the first 30% of plots available.

He said that, at the national level, Infra initiatives are being driven under the PM Gati Shakti programme. It will play a key role in streamlining the remaining 28 NICDC projects that are under implementation to reduce logistics costs.

Image Source

Also read: Govt identifies 9 high-impact infra projects under Gati Shakti

Piyush Goel, Minister of Consumer Affairs, Food & Public Distribution, urged the states to put the National Industrial Corridor Development Corporation Limited (NICDC) projects on the fast track and set a deadline for land acquisition and allotment in industrial nodes and clusters. Piyush Goyal in the Investor Round Table Conference on the National Industrial Corridor Development Program (NICDC), urges India towards making the best use of available facilities and coming up with ideas for the future. He said that 18 states are urged to decide, offer the land, or have to foreclose those projects and maybe offer them to other states willing to speed up the investment. He said that the units must be set up soon, which would absorb the new technologies and create employment opportunities. The government approved NICDC in December 2020 for developing 11 industrial corridors and developing 32 state-of-the-art projects in 4 phases by 2026-27. A combined investment of Rs 16,760 crore has been completed in four cities for the 173 allotted plots. The four Smart industrial cities are emerging at Dholera in Gujarat, Shendra Bidkin in Maharashtra, Vikram Udhogpuri in Madhya Pradesh and Integrated Industrial Township in Greater Noida in Uttar Pradesh. Goyal urged entrepreneurs to benefit from government initiatives, including NICDC, Digital India, Smart Cities, $1.4 trillion infrastructure projects in the National Infrastructure Pipeline, NICDC facilities and financial inclusion. He said that several states are offering incentives under NICDC projects. CEO of the Greater Noida Authority has committed to allotment of land in 20 days, and CEO, Dholera has offered a 50% discount on the land cost to the first anchors for the first 30% of plots available. He said that, at the national level, Infra initiatives are being driven under the PM Gati Shakti programme. It will play a key role in streamlining the remaining 28 NICDC projects that are under implementation to reduce logistics costs. Image Source Also read: Govt identifies 9 high-impact infra projects under Gati Shakti

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..