Muzaffar Khan
The government is taking forward industrial corridor projects under the National Industrial Corridor Development Programme (NICDP) to boost India’s competitiveness in global manufacturing and investment. Major developments include Maharashtra’s Shendra-Budkan and Dighi Port Industrial Areas, and Amritsar-Kolkata Industrial Corridor.
The government is preparing industrial corridor projects as part of the National Industrial Corridor Development Programme (NICDP) for the development of greenfield industrial areas, regions and nodes, the Minister of State (MoS) said. ) These projects are part of the National Industrial Corridor Development Programme (NICDP), according to a written reply provided by Jatin Prasad in the Ministry of Commerce and Industry in the Lok Sabha on Tuesday, December 10.
The Minister further said that work is being done for the development of Shendra-Bidkin Industrial Area (SBIA) and Dighi Port Industrial Area (DPIA) under NICDP in the state of Maharashtra.
The two projects proposed by the state, namely IMC Agra and IMC Prayagraj. Government, Government of India considered and approved in August 2024, the Ministry of Commerce and Industry quoted the Minister in a release.
He further said that no funds have been released by NICDIT to MITL (SPV at Shendra Bidkin Industrial area) in the last three years. However, till December 2024, NICDIT has released equity to MITL. According to the Minister, Rs. 3000 crores have also been released for the development of trunk infrastructure of SBIA project.
The Government has also approved the Central Sector Scheme “Indian Footwear and Leather Development Programme (IFLDP)” with an allocation of Rs 1700.00 crore till March 2026.
Maharashtra has received assistance under IFLDP. Rs 5.75 lakh has been allocated for technical upgradation of one unit in the state of Maharashtra from 2021-2022 to 2024-2025.
In addition, DPIIT has approved the development of a mega leather footwear and accessories cluster at Ratwad village, Maharashtra, with a total project cost of Rs 500000. This includes an assistance of Rs 125.00 crore from the Government of India.
The Government of India has approved the following Central Sector Schemes for industrial development of Himachal Pradesh, Uttarakhand, Union Territory (UT) of Jammu and Kashmir and UT of Ladakh.
The Minister further said that an institutional mechanism has been put in place to accelerate investment in the form of Project Development Cells (PDCs) in all the concerned Ministries/Departments of the Government of India.
It has been observed that India is already emerging as an integral pillar in the economic growth of the manufacturing country, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17% of India’s GDP before the pandemic and is likely to be one of its fastest growing sectors.
The machine tool industry was literally the nuts and bolts of the manufacturing industry in India. Today, technology has spurred innovation with digital transformation to gain an edge in this highly competitive market.
Technology has today spurred creativity, with digital transformation a key factor in gaining an edge in this increasingly competitive industry. The Indian manufacturing sector is steadily moving towards more automated and process-driven manufacturing, which is expected to improve efficiency and increase productivity.
India’s manufacturing sector hit a 16-year high in March, with the HSBC Manufacturing Purchasing Managers’ Index (PMI) rising to 59.1, driven by strong output growth, new orders and job creation across a range of goods sectors.
India has the potential to export goods worth US$1 trillion by 2030 and is on track to become a major global manufacturing hub.
With 17% of the country’s GDP and over 27.3 million workers, the manufacturing sector plays a vital role in the Indian economy. Through the implementation of various programmes and policies, the Indian government hopes that manufacturing will contribute 25% of the economy’s output by 2025.
India now has the physical and digital infrastructure to make a realistic bid to increase the share of the manufacturing sector in the economy and become a key player in global supply chains.
