Union Commerce and Industry Minister invites businesses to locate to modern industrial townships like Aurangabad Industrial City

Industrial Smart cities have been master-planned to international standards: Union Commerce and Industry Minister

Maharashtra aspires to be a trillion-dollar economy in next 6 - 7 years: Maharashtra Deputy Chief Minister

Union Minister for Commerce and Industry Piyush Goyal attended a roundtable conference of investors in Mumbai today. The 4th NICDC Investors' Roundtable Conference was organized by Maharashtra Industrial Township Limited (MITL).

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Making a strong pitch for Industrial Smart Cities like Aurangabad Industrial City (AURIC), Union Commerce Minister said "It makes eminent business sense to locate to modern industrial townships like AURIC. These industrial smart cities have been master-planned to international standards. Industries coming to these nodes will power the manufacturing sector in the country".

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MITL’s flagship industrial area, the Aurangabad Industrial City or AURIC, is one of the most well-developed Industrial Smart Cities in the world. With dedicated residential spaces and investment of over Rs. 7,000 crores, it is a beacon of industrial development in the Marathwada region. AURIC has planned to develop a MITRA Textile Park with the support of Ministry of Textiles under the PM MITRA Scheme, a Mega Food Park and an International Convention Centre there, making it a truly global investment destination.

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Encouraging investors, the Minister said the Government is committed to keep logistics costs down and increase Ease of Doing Business. He assured that the Government will do everything to address the requirements of various stakeholders.

Speaking about the National Single Window System for Business Approvals, the Union Minister said that Government’s aim behind Single Window System is to ensure that a person sitting anywhere in the world should be able to get all approvals to locate their business in India, buy land or set up business in the country, with a click of a button.

National Industrial Corridor Development Corporation (NICDC) is a Special Purpose Vehicle that envisages to establish, promote and facilitate development of the National Industrial Corridor Development Programme, India’s most ambitious infrastructure programme aiming to develop new industrial cities as “smart cities” and converging next generation technologies across infrastructure sectors. The programme is aimed at providing impetus to planned urbanization in India with manufacturing as the key driver.

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Union Minister said the Central and state governments are working hand in hand to transform the country. Asserting his confidence in Maharashtra, he said "I am certain that under the current leadership, Maharashtra will once again prove itself to be the most industrialized, progressive and fastest growing state in the country."

Reiterating the significance of the infrastructure sector for economy, the Union Minister said that there are various examples wherein infrastructure has created power and economy and brought alive new opportunities."We have nearly ₹111 Lakh crore National Infrastructure Pipeline and a large part of it is in Maharashtra. The metro project, the trans-harbour link, the coastal road project and the expansion of express ways are landmark projects that will benefit Maharashtra in a big way".

The Minister said that Macroeconomic fundamentals are strong, infrastructure is being built at a rapid pace and India is the destination the world is looking up to."Together we can make India the future of the world".

Deputy Chief Minister of Maharashtra, Devendra Fadnavis said that Maharashtra aspires to be a trillion dollar economy in next 6 - 7 years. Addressing the investors, Devendra Fadnavis said: "We have tailor-made package of incentives for investors. We are also addressing the special needs of the industry."

MITL, formerly known as Aurangabad Industrial Township Limited, is a joint venture between Government of India and Government of Maharashtra.


PM launches National Logistics Policy; experts say it will provide 'Cheetah Speed' to industry

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Modi also claims that this policy will bring down the logistics cost of businesses from 13-14 per cent to a single digit making India at par with countries like Germany and Japan, which are known for their developed logistics infrastructure and to spend around eight to nine per cent of the GDP on logistics.

Prime Minister Narendra Modi, on Saturday, unveiled the National Logistics Policy in the national capital New Delhi. Modi, while announcing the new policy, said that this is an important step towards the "making of a developed India", and added that the policy has come with a "new energy for every sector".

This new policy aims to expedite last-mile delivery and address challenges facing the transport sector. Modi also said that the new policy together with the infrastructure augmentation plan 'PM GatiShakti' will address gaps. He called the policy a solution for many problems and said that it would lead to improvements in "all our systems".

Vinod Aggarwal, President, SIAM and MD & CEO, VE Commercial Vehicles, on the launch of National Logistics Policy, expressed his views and said: "Automobile industry welcomes the launch of the National Logistics Policy by the Hon’ble Prime Minister Shri. Narendra Modi. It is an extremely vital step taken by the Government that will boost the growth of the Automobile sector as the policy focuses on building superior infrastructure like 35 Multi-Modal Logistics Hubs, which will promote seamless transportation of goods. It is expected that this policy will reduce the Transit Time and Logistics Cost for manufacturers and improve competitiveness of Indian goods in international markets, thereby helping our exports."

Currently, India’s logistic sector has over 20 government agencies, 40 Partner Government Agencies, 37 export promotion councils, 500 certifications, more than 10,000 commodities and a $160-billion market.

Dhruv Agrawal, COO & Co-Founder, Shipsy, said: "The National Logistics Policy is an extensive initiative to improve the effectiveness of India's logistics ecosystem. This will be an unspoken act of support for the logistics sector. NLP aims to encourage the smooth circulation of goods and increase the industry's competitiveness. The policy is favorable to put a strong emphasis on things like multi-modal transportation, digitization, and process re-engineering. The decision becomes significant because excessive transport costs reduce domestic goods' ability to compete in the global market."

"With a motto of Policy + Performance = Progress, the new phase is only getting started. The government’s aim to speed up exports is a welcome move as they build 40 air cargo terminals and have also announced the formation of over 35 multi-modal logistics hubs in India," added Agrawal.

PM Modi, in his address, said: "In the Amrit Kaal, the country has taken an important step towards the making of a developed India. The echo of Make in India and India becoming self-reliant is everywhere. India is setting big export targets and is also fulfilling them. India is emerging as a manufacturing hub. In such a situation, the National Logistics Policy has brought new energy for all sectors."

Modi also claims that this policy will bring down the logistics cost of businesses from 13-14 per cent to a single digit making India at par with countries like Germany and Japan, which are known for their developed logistics infrastructure and to spend around eight to nine per cent of the GDP on logistics.

"India is emerging as a manufacturing hub. The world has accepted India as a leader in manufacturing. The National Logistics Policy has helped the manufacturing sector," he added.

Vineet Agarwal, MD at Transport Corporation of India, said: "Push towards seamless multimodal transportation and modern connectivity will be a game changer as it will shift the transportation stress from just road to other modes as well. It will help us drive the ESG goals and focus on a better cost structure. The paperless supply chain initiative, strengthened cooperative federalism, ease of Logistics services portal (e-log), and standardisation of the warehousing sector will help India become one of the top 25 Logistics performers in the world. The Unified Logistics Interface Platform (ULIP) tenant of the NLP will enhance visibility for customers and enable logistics companies like us to adopt digitisation at a much larger scale."

He added that, "Gati Shakti Vishwavidyalaya will act as human resource for the drivers and other such training programmes will be provided to the workforce. NLP is an encouragement for all the stakeholders in the Supply Chain segment & will be one of the key pillars for India to become a $5 trillion economy. It will surely provide the 'Cheetah Speed' to the logistics industry and make India a global logistics hub."

PM Modi also stated that global experts are saying that India is emerging as a democratic superpower and are impressed by the extraordinary talent ecosystem of the country."Experts are appreciating India's determination and progress."

The government is using technology to strengthen the logistics sector, he added. Modi, while talking about the drone policy, said drones will improve the logistics sector. The capacity of ports has also been increased and the container vessel turnaround time has been cut to 26 hours from the previous 44 hours, he said.

PM Modi also said that India is now the world's fifth largest economy and is emerging as a manufacturing hub. He added the world has accepted the production-linked incentive (PLI) scheme announced by the government for boosting domestic manufacturing.

The centre has been working on the National Logistics Policy for the last three years. The Ministry of Commerce released a draft logistics policy for consultation in 2019, which was delayed because of the COVID-19 pandemic.


Union Minister Piyush Goyal Chairs Round Table With Investors; CM, Industry Minister Officials Attend Meet

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An Investors Round Table Conference was held by the National Industrial Corridor Development Corporation (NICDC) and Dholera Industrial City Development Limited (DICDL) in Gandhinagar on Saturday to discuss progress of the National Industrial Corridor Development Program. Charing the round table, Union minister Piyush Goyal said Gujarat is progressing at a faster pace in ease of doing business (EODB) and manufacturing, achieving new dimensions of development with ecosystem.

Goyal was accompanied in the third round table conference in Gujarat, after the ones in Delhi and Kochi, by Chief Minister Bhupendra Patel, industries minister Jagdish Vishwakarma and MD and CEO of NICDC and Special Secretary to GOI, Amrit Lal Meena.

Addressing the audience, Goyal said, “Gujarat has been the benchmark state in building a holistic and comprehensive roadmap for the future economic growth of the country. Gujarat is also one of the best states to have the ideal industrial ecosystem.”

Highlighting Dholera’s importance, he said, “It has the potential to become one of the world’s biggest and best manufacturing industrial zones. Dholera-SIR is the first platinum-rated industrial smart city in India.”

CM Bhuprendra Patel said, “Over the years, Gujarat has been at the top position in various measures of the Government of India such as EODB, logistics performance index (LPI), good governance index (GGI), export readiness and Startup Ecosystem.”

Dholera SIR, PM Modi’s dream project, was announced in 2009.


Nirmala Sitharaman asks Niti Aayog to map all industrial zones under Gati Shakti initiative

Nirmala Sitharaman asks Niti Aayog to map all industrial zones under Gati Shakti initiative  The Union finance minister Nirmala Sitharaman on Thursday asked the Niti Aayog to prepare a report that maps all the industrial zones including industrial  corridors, logistics parks and pharma hubs to be incorporated under the PM Gati Shakti initiative. Sitharaman also urged the shipping ministry to explore linkages   that can be achieved between seaports and the industrial corridors.

 These suggestions were made by the minister while she chaired the first meeting of the Apex Monitoring Authority for the National Industrial Corridor     Development Programme(NICDP).

"I would like the NITI Aayog to map all this (industrial corridors, freight corridors, defence corridors, manufacturing zones, textile parks, logistics parks, medical  and pharma hubs). Map it all and tell us where you see a possibility for bringing them under the PM Gati NSE 0.14 % Shakti," Sitharaman said."I find many of  them still lying loose and unconnected. Mapping it up will probably give a better idea of how they can all come into scheme of things," she added.

  She added that Gati Shakti National Master Plan will bring greater coherence in all investments pertaining to infrastructure projects.