India will soon wear a grand necklace of Industrial Smart Cities as in a landmark decision today, the Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs. 28,602 crore. This move is set to transform the industrial landscape of the country creating a robust network of industrial nodes and cities that will significantly boost economic growth and global competitiveness.

 Spanning across 10 states and strategically planned along 6 major corridors, these projects represent a significant leap forward in India's quest to enhance its manufacturing capabilities and economic growth. These industrial areas will be located in Khurpia in Uttrakhand, Rajpura-Patiala in Punjab, Dighi in, Maharashtra, Palakkad in Kerela, Agra and Prayagraj in UP, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in AP and Jodhpur-Pali in Rajasthan.

 Key Highlights:

Strategic Investments: NICDP is designed to foster a vibrant industrial ecosystem by facilitating investments from both large anchor industries and Micro, Small, and Medium Enterprises (MSMEs). These industrial nodes will act as catalysts for achieving $2 trillion in exports by 2030, reflecting the government's vision of a self-reliant and globally competitive India.

 Smart Cities and Modern Infrastructure: The new industrial cities will be developed as greenfield smart cities of global standards, built "ahead of demand" on the 'plug-n-play' and 'walk-to-work' concepts. This approach ensures that the cities are equipped with advanced infrastructure that supports sustainable and efficient industrial operations.

 Area Approach on PM GatiShakti: Aligned with the PM GatiShakti National Master Plan, the projects will feature multi-modal connectivity infrastructure, ensuring seamless movement of people, goods, and services. The industrial cities are envisioned to be growth centers for transformation of whole region.

 Vision for a 'Viksit Bharat':

The approval of these projects is a step forward in realizing the vision of ‘Viksit Bharat’ - a developed India. By positioning India as a strong player in the Global Value Chains (GVC), the NICDP will provide developed land parcels ready for immediate allotment, making it easier for domestic and international investors to set up manufacturing units in India. This aligns with the broader objective of creating an 'Atmanirbhar Bharat' or a self-reliant India, fostering economic growth through enhanced industrial output and employment.

 Economic Impact and Employment Generation:

NICDP is expected to generate significant employment opportunities, with an estimated 1 million direct jobs and upto 3 million indirect jobs being created through planned industrialization. This will not only provide livelihood opportunities but also contribute to the socio-economic upliftment of the regions where these projects are being implemented.

 Commitment to Sustainable Development:

The projects under the NICDP are designed with a focus on sustainability, incorporating ICT-enabled utilities and green technologies to minimize environmental impact. By providing quality, reliable, and sustainable infrastructure, the government aims to create industrial cities that are not just hubs of economic activity but also models of environmental stewardship.

 The approval of 12 new industrial nodes under the NICDP marks a significant milestone in India's journey towards becoming a global manufacturing powerhouse. With a strategic focus on integrated development, sustainable infrastructure, and seamless connectivity, these projects are set to redefine India's industrial landscape and drive the nation's economic growth for years to come.

 In addition to these new sanctions, the NICDP has already seen the completion of four projects, with another four currently under implementation. This continued progress highlights the government's commitment to transforming India's industrial sector and fostering a vibrant, sustainable, and inclusive economic environment.

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Critical mineral mission proposed for domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets

Integration of e-shram portal with other portals to facilitate one-stop solution for wide array of services to labour

Union budget proposes revamped shramsuvidha and samadhan portals to enhance ease of compliance for industry & trade

“Our government will facilitate development of investment-ready “plug and play” industrial parks with complete infrastructure in or near 100 cities, in partnership with the states and private sector, by better using town planning schemes.” proposed the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman in the Union Budget 2024-25 towards fulfillment of the priority of ‘Manufacturing & Services’. The Budget proposes that creation of Twelve industrial parks under the National Industrial Corridor Development Programme will also be sanctioned.

CRITICAL MINERAL MISSION

Prioritizing further the ‘Manufacturing & Services’ sector, the Union Budget 2024-25 proposes to set up a Critical Mineral Mission for domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets. Its mandate will include technology development, skilled workforce, extended producer responsibility framework, and a suitable financing mechanism.

With a focus on offshore mining of minerals, the Union   Finance Minister proposed to launch the auction of the first tranche of offshore blocks for mining, building on the exploration already carried out. 

LABOUR RELATED REFORMS

Union Budget 2024-25 also proposes to facilitate the provision of a wide array of services to labour, including those for employment and skilling. “A comprehensive integration of e-shram portal with other portals will facilitate such one-stop solution.” proposed the Finance Minister. Open architecture databases for the rapidly changing labour market, skill requirements and available job roles, and a mechanism to connect job-aspirants with potential employers and skill providers will be covered in these services.

Focusing on ‘Next Gen Reforms’ the Union Budget 2024-25 proposes to revamp ShramSuvidha and Samadhan portals to enhance ease of compliance for industry and trade, with intent to strengthen them and step up their implementation for expediting our journey towards the goal of Viksit Bharat. 

PM dedicates to the nation Yashobhoomi, Phase 1 of India International Convention and Expo Centre at Dwarka, launches PM Vishwakarma Yojna for artisans

Bharat Mandapam and Yashobhoomi Center are going to make Delhi the biggest hub of conference tourism: Prime Minister Shri Narendra Modi

Yashobhoomi is a proof of Prime Minister’s vision of ‘Skill, speed and scale’: Shri Goyal at the inauguration of Yashobhoomi, IICC, Dwarka

Yashobhoomi will promote MSME sector, farmers and artisans and provide new opportunities and markets for them: Shri Goyal

Bharat Mandapam and Yashobhoomi will promote trade, industry, export and employment: Shri Goyal

The Prime Minister, Shri Narendra Modi dedicated Phase 1 of India International Convention and Expo Centre - ‘Yashobhoomi’ to the nation at Dwarka, New Delhi today. He also launched ‘PM Vishwakarma Scheme’ PM Vishwakarma logo, tagline and portal for traditional artisans and craftspeople on the occasion of Vishwakarma Jayanti.

Addressing the gathering, the Prime Minister acknowledged the contribution of the Shramiks and Vishwakarmas in the construction of the magnificent facility. “Today I dedicate 'Yashobhoomi' to every worker of the country, to every Vishwakarma”, he said. He told the Vishwakarmas linked with today’s program that 'Yashobhoomi' is going to be a vibrant center connecting their creations with the world and global markets.

The Viksit Bharat of today is crafting a new identity for itself in every sector”, the Prime Minister said referring to the Bharat Mandapam which had become a topic of discussion across the world and stated that Yashobhoomi furthered this tradition with greater magnificence. “The message from Yashobhoomi is loud and clear. Any event that takes place here will attain success and fame”, Shri Modi emphasized. He further added that Yashobhoomi will become a medium for showcasing the India of the future.

He said that in order to showcase India’s grand economic prowess and commercial muscle, this is a worthy center in the capital of the country. It reflects, he continued, both multimodal connectivity and PM Gatishakti. He illustrated this by talking about the connectivity provided to the center by Metro and inauguration of Metro terminal today. He also highlighted that the ecosystem of Yashobhoomi will take care of the travel, connectivity, accommodation and tourism needs of the users.

The Prime Minister said that Conference tourism will also progress only where there are necessary resources for events, meetings, and exhibitions, hence Bharat Mandapam and Yashobhoomi Center are now going to make Delhi the biggest hub of conference tourism. Lakhs of youth are likely to get employment. In the future, “Yashobhoomi will become a place where people from countries all over the world will come for international conferences, meetings and exhibitions”, Shri Modi added.

The Prime Minister invited the stakeholders to Yashobhoomi. He said, “Today I invite people associated with the Exhibition and Event industry from countries around the world to come to Delhi. I will invite the Film Industry and TV Industry of every region of the country, East-West-North-South. You hold your award ceremonies, film festivals here, hold first film shows here. I invite people associated with International Event Companies, Exhibition Sector to join Bharat Mandapam and Yashobhoomi.”

In his welcome speech, Shri Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, said that the leadership provided by the Prime Minister in difficult times ensured that the G20 summit was taken to every nook and corner of the country and became a people’s presidency. This event has been so successful that it has been called as “Modi-fied G20” by an expert, he said. New Delhi Leaders Declaration will give the future a new direction and will play a role in changing the direction of world affairs, Commerce and Industry Minister said.

Shri Goyal said that Yashobhoomi is a proof of Prime Minister’s vision of “Skill, speed and scale”. He informed that the project of IICC was completed speedily under Prime Minister’s leadership and is being inaugurated today as Yashobhoomi. The first phase of this project is complete and the second phase will enlarge it into double its size today, he said. This convention centre at Dwarka is a great example of PM Gatishakti ideal, Shri Goyal said adding that the International Airport can be reached by expressway in 5 minutes, metro connectivity connects it to Connaught place in 20 minutes and there is ample provision of hotels linked to this project.

Shri Goyal said that in the last 9 years, the convention centres that are being set up in the country will become world class exhibition centres. Bharat Mandapam and Yashobhoomi will promote trade, industry, export and employment. Yashobhoomi will promote MSME sector, farmers and artisans and provide new opportunities and markets for them, he said.

Prime Minister has laid the foundation of making India a developed nation in Amrit Kaal by creating a strong economy and infrastructure, uplifting the poor, digitisation and by ensuring a corruption free government, Commerce Minister noted. Today the entire world is witness to Prime Minister’s commitment to inclusive growth, he said. Making laws simpler to make the lives of common man easy, helping the start-ups, increase trade and exports, create new opportunities for employment and creating faith in the hearts of the people will ensure that the country has become unstoppable now, he said. Noting the inauguration of historic launch of Vishwakarma Yojana, Shri Goyal said that the Prime Minister has recognised the hard work of our artisans and the scheme will honour and strengthen them.

Nearly half a dozen South Korean firms visited the Dholera Special Investment Region (SIR) to explore possibilities for setting up a display fabrication unit in Gujarat, official sources said Tuesday. “A delegation comprising certain companies spent an entire day at Dholera SIR. The delegation included senior representatives from the Korea Display Industry Association and the Director General of Korea Trade Investment Promotion Agency (KOTRA),” said Vijay Nehra, secretary, of the Department of Science and Technology, Government of Gujarat.

Setting up a display fabrication unit is extremely capital intensive and requires an estimated investment of Rs 70,000-75,000 crore over a period of 2-3 years, as per officials. Such a unit will pave the way for manufacturing indigenous displays for devices like smartphones, tablets, televisions, laptops, and others. Currently, China, South Korea, and Japan control the bulk of production in the global display market, accounting for 65 percent of the total production.

“This is very encouraging as Gujarat is also hosting Micron Technologies which is setting up an Assembly, Test, Marking, and Packaging (ATMP) facility for memory chips,” the official added. Nehra is also the Dholera SIR MD.