Government developing industrial corridor projects to compete with world`s top manufacturing, investment destinations
Minister of State (MoS) in the Ministry of Commerce and Industry Jitin Prasada has said that the government is developing industrial corridor projects as part of the National Industrial Corridor Development Programme (NICDP) for the development of greenfield industrial areas, regions, and nodes in order to compete with the world's top manufacturing and investment destinations. These projects are part of the National Industrial Corridor Development Programme (NICDP).
The minister added that under NICDP in the state of Maharashtra, Shendra-Bidkin Industrial Area (SBIA) and Dighi Port Industrial Area (DPIA) are being undertaken for development. Under NICDP, the Amritsar Kolkata Industrial Corridor (AKIC) has been conceptualised on the backbone of the EDFC (Eastern Dedicated Freight Corridor). Two projects, namely IMC Agra and IMC Prayagraj, proposed by the state government, have been considered and approved by the government of India in August 2024. He further added that no funds have been released by NICDIT to MITL (SPV at Shendra Bidkin Industrial area) in the past three years. However, the total funds released by NICDIT (till December 3, 2024) to MITL as equity is Rs 3000 crore for the development of trunk infrastructure of the 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 31 of 2026. Maharashtra has received help under the IFLDP. From 2021-2022 to 2024-2025, Rs 5.75 lakh has been allocated for the technological upgrade of one unit in the state of Maharashtra. In addition, DPIIT has approved the development of the Mega Leather Footwear and Accessories Cluster at Ratwad Village, Maharashtra, with a total project cost of Rs 256.42 crore involving Government of India assistance of Rs 125.00 crore.
