The Business Bytes
TBB BUREAU
NEW DELHI, MAY 30, 2023
Emphasizing upon the need to ensure continued coordination between the Central and the State Governments and suggesting to work collectively as ‘Team India’, Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Tuesday stated that “FIRE Corridors = F – Freight; I – Industrial; R – Railways; E – Expressways” will ignite industrialization & economic development in India.
Chairing the second meeting of the Apex Monitoring Authority constituted to review the activities of National Industrial Corridor Development and Implementation Trust (NICDIT), the Finance Minister stated that the rapidity with which the infrastructure is being developed since 2014 needs to be maintained.
She urged the State Governments and NICDIT to maintain the same momentum for realizing the vision of Prime Minister Narendra Modi of a Developed India by 2047.
Thanking the State Chief Ministers and Ministers for their continued support and cooperation in the development of NICDIT projects and appreciating the efforts made by the NICDIT team in the successful implementation of its projects, Sitharaman urged all the States to tie up loose ends and move forward and resolve all pending issues through greater exchange and sharing of information to expedite the progress of works in the respective States.
The Apex Monitoring Authority comprises of Finance Minister as Chairperson, Minister-in-charge, Ministry of Commerce & Industry, Minister of Railways, Minister of Road Transport & Highways, Minister of Shipping, Vice Chairman, NITI Aayog, and Chief Minister(s) of States concerned.
Chief Ministers from Gujarat, Haryana, Uttarakhand and Maharashtra; Ministers from Bihar, Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, Kerala, Punjab, Jharkhand, Karnataka and Rajasthan besides senior officials from all the states attended the meeting.
Chief Ministers and Ministers of Industries, senior officials of the respective states spoke about the projects which are/or will be undertaken in their jurisdiction and the steps they are taking to ease the land allotment process and to give faster clearances. They assured that all possible support will be extended to the projects under NICDIT for early implementation on the ground.
The meeting proved to be a valuable platform for key stakeholders to discuss and exchange ideas on the progress, challenges, and future strategies related to the National Industrial Corridor Development Program. It presented an opportunity to align efforts, foster collaboration, and accelerate the development of industrial infrastructure across the country.
The National Industrial Corridor Development Program aims to establish a network of industrial corridors that will serve as engines of economic growth, promote industrialization, and create employment opportunities across India. The program focuses on developing world-class infrastructure, attracting investments, and fostering sustainable industrial development.
