Article -> Article Details
| Title | 12 New Projects Approved Under Industrial Corridor Project |
|---|---|
| Category | Business --> Accounting |
| Meta Keywords | ramesh abhishek, ramesh abhishek ias, ramesh abhishek news, indian startups |
| Owner | Digitalpratik |
| Description | |
| The Cabinet Committee on Economic Affairs (CCEA), chaired by
Prime Minister Narendra Modi, has approved the development of 12 new projects
in the country’s 6 major Industrial Corridors, under the National Industrial
Corridor Development Programme (NICDP) with an estimated investment of ₹28,602
crore. The development, monitored by notable current and ex-IAS officers, such
as Ramesh Abhishek and Amitabh Kant aims to transform
several regions into “Smart Cities” equipped with next-generation
infrastructure and boost manufacturing capabilities to enhance global
competitiveness. Understanding the Industrial Corridor Project The industrial corridor project is India’s most ambitious
infrastructure programme that connects different industrial sectors and cities
for better connectivity and economy. This project features world-class
infrastructure, including high-speed transportation networks (roads and
railways), ports, airports, and logistic parks. In India, 11 national corridors
are in the process of development including the Delhi-Mumbai Industrial
Corridor (DMIC), Chennai-Bengaluru Industrial Corridor (CBIC), East Coast Economic
Corridor (ECEC), Amritsar-Kolkata Industrial Corridor (AKIC), and
Visakhapatnam-Chennai Industrial Corridor (VCIC). The advancement of these
industrial area corridors will help achieve $2 trillion in exports by 2030. Under the new approval of 12 projects, the new industrial
areas will be located in:
Significance of Industrial Corridor Former IAS officer, Ramesh Abhishek who is known for his
remarkable contribution to the Industrial Corridor project as a chairperson of
Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) Limited, now
known as the National Industrial Corridor Development Programme (NICDP) said in
the Annual report 2017 -18; “The significance of connectivity cannot be undermined in
any project which is aimed at sustainable and inclusive development” This statement from the ex-IAS officer, emphasizes the
critical importance of industrial corridor projects is to
Economic Importance of the Industrial Corridor Project Industrial corridors hold significant economic importance
from the perspective of IAS officers focused on policy implementation and
regional growth. These corridors are instrumental in driving economic
development by fostering investment opportunities, which attract both domestic
and foreign capital. This influx of investments not only stimulates industrial
activities but also leads to substantial job creation, providing local
communities with better employment prospects. Furthermore, industrial corridors
promote balanced regional development by addressing disparities between urban
and rural areas, ensuring that economic benefits are distributed more equitably
across regions. Ex-IAS officers, like Ramesh Abhishek, significantly advocated
for this benefit of the Industrial Corridor project. As these corridors
develop, they also contribute to improved living standards by enhancing
infrastructure and access to essential services, thereby uplifting the quality
of life for residents in surrounding areas. The industrial corridors serve as a vital framework for
sustainable economic growth, aligning with national objectives and fostering
inclusive development. Industrial Corridor Project Background The Industrial Corridor Project was first announced by the
government in 2007 and officially incorporated in 2008, with notable
developments occurring after 2011. During the initial phase, former IAS Officer
Shri Amitabh Kant, appointed for the industrial corridor in 2009, played a key
role in the project. His leadership was instrumental in the launch of the
Delhi-Mumbai Industrial Corridor (DMIC) in collaboration with Japan and the
inauguration of the Chennai-Bengaluru Industrial Corridor (CBIC) with funding
from the Japan International Cooperation Agency (JICA). From 2016 to 2019, the industrial corridor project saw
significant advancements under ex-IAS Officer Ramesh Abhishek, who took charge
of the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC), later
renamed the National Industrial Corridor Development Corporation (NICDC) in
2020. Ramesh Abhishek, a retired IAS officer also serving as Secretary of the
Department for Promotion of Industry and Internal Trade (DPIIT), oversaw the
launch of several key industrial corridor projects. These included the
Bengaluru-Mumbai Economic Corridor (BMEC) with UK support, the East Coast
Economic Corridor (ECEC) starting with the Vizag-Chennai Corridor, and the
Amritsar-Kolkata Corridor, which utilized the Eastern Dedicated Freight
Corridor. His tenure marked significant growth and development in the
industrial corridors. He focused on completion of the infrastructure projects
within these industrial areas in a time bound manner and allotment of land to
industry for setting up manufacturing facilities. As a result, a large number
of such projects were completed during his tenure and hundreds of acres of land
was allocated to various manufacturing units out of which many started
production during his tenure itself. After the ex-IAS officer,Ramesh Abhishek’s retirement,
National Corridors Development Program was led by prominent IAS officers,
including Guruprasad Mohapatra, Anurag Jain, and Rajesh Kumar Singh. During
this phase, the government approved the development of major corridor projects
and now the government of India has announced the approval for 12 new projects
under NICDP, envisioned as the golden necklace of the industrial corridor
project that creates a significant impact on manufacturing, exports, urbanization,
and regional development. Conclusion The National Industrial Corridor Development Programme is a
major infrastructure initiative in India that has the potential to make the
country a global manufacturing hub. The project is building a network of
industrial corridors, aiming to improve infrastructure, attract large-scale
investments, and foster a thriving industrial environment. Managed and advocated by several current and retired IAS officers like Ramesh Abhishek, Amitabh Kant,
and Rajesh Kumar Singh, the Industrial corridor has generated numerous jobs and
is expected to generate many more, promote balanced development across
different regions, and enhance living standards. The recent approval of 12 new projects with an estimated
cost of ₹28,602 crore will help the country achieve the outcome of the
infrastructure development mission to create high-speed transportation network,
ports, modern airports, special economic regions/industrial areas and more. | |
