Rs 286 Bn investment to boost India's global manufacturing edge
ECONOMY & POLICY

Rs 286 Bn investment to boost India's global manufacturing edge

National Industrial Corridor Development Programme is regarded as India's most ambitious infrastructure initiative, aimed at shaping the future of urban and industrial development. The programme seeks to create new industrial cities as "Smart Cities," where next-generation technologies would seamlessly integrate across various infrastructure sectors. By developing these advanced industrial hubs, the Indian government is positioning the country as a global leader in manufacturing and investment, potentially rivalling the world's top destinations.

A key aspect of this strategy involves developing integrated industrial corridors to accelerate growth in the manufacturing sector and promote systematic urbanisation. These corridors, supported by multi-modal connectivity and developed in collaboration with state governments, are expected to boost employment opportunities, economic growth, and overall socio-economic development nationwide.

The programme reportedly began with the launch of the Delhi-Mumbai Industrial Corridor (DMIC). The Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) Ltd was established on 7th January 2008 as a Special Purpose Vehicle (SPV) under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry. Its primary mission was to manage project development activities and coordinate various initiatives under the DMIC.

In December 2016, the DMIC Trust's scope was expanded, and it was reconstituted as the National Industrial Corridor Development and Implementation Trust (NICDIT). Consequently, in February 2020, DMICDC Ltd was renamed the National Industrial Corridor Development Corporation (NICDC) Limited. This marked a significant milestone in India's 'National Industrial Corridor Programme,' with NICDC leading the development of multiple industrial corridor projects across the country.

NICDC's mandate reportedly includes project development activities for initiatives such as investment regions, industrial areas, economic zones, and manufacturing clusters. It also supports various state governments by preparing master plans, feasibility reports, and detailed project reports. NICDC is said to play a key role in infrastructure project development, negotiating loans, creating financial instruments, and facilitating resource mobilisation and credit extension for infrastructure development

National Industrial Corridor Development Programme is regarded as India's most ambitious infrastructure initiative, aimed at shaping the future of urban and industrial development. The programme seeks to create new industrial cities as Smart Cities, where next-generation technologies would seamlessly integrate across various infrastructure sectors. By developing these advanced industrial hubs, the Indian government is positioning the country as a global leader in manufacturing and investment, potentially rivalling the world's top destinations. A key aspect of this strategy involves developing integrated industrial corridors to accelerate growth in the manufacturing sector and promote systematic urbanisation. These corridors, supported by multi-modal connectivity and developed in collaboration with state governments, are expected to boost employment opportunities, economic growth, and overall socio-economic development nationwide. The programme reportedly began with the launch of the Delhi-Mumbai Industrial Corridor (DMIC). The Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) Ltd was established on 7th January 2008 as a Special Purpose Vehicle (SPV) under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry. Its primary mission was to manage project development activities and coordinate various initiatives under the DMIC. In December 2016, the DMIC Trust's scope was expanded, and it was reconstituted as the National Industrial Corridor Development and Implementation Trust (NICDIT). Consequently, in February 2020, DMICDC Ltd was renamed the National Industrial Corridor Development Corporation (NICDC) Limited. This marked a significant milestone in India's 'National Industrial Corridor Programme,' with NICDC leading the development of multiple industrial corridor projects across the country. NICDC's mandate reportedly includes project development activities for initiatives such as investment regions, industrial areas, economic zones, and manufacturing clusters. It also supports various state governments by preparing master plans, feasibility reports, and detailed project reports. NICDC is said to play a key role in infrastructure project development, negotiating loans, creating financial instruments, and facilitating resource mobilisation and credit extension for infrastructure development

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?