States should adopt innovative models, offer package deals for faster investments: Piyush Goyal

TBB BUREAU

NEW DELHI, MAY 30, 2023

Emphasizing upon the financial viability of the NICDIT projects, Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal on Tuesday urged the States for faster allotment of lands at reasonable rates.

Speaking at the second meeting of the Apex Monitoring Authority constituted to review the activities of National Industrial Corridor Development and Implementation Trust (NICDIT) here today, Union Minister Goyal stated that States should adopt innovative models and offer package deals etc. for faster investments. He said that electricity rates should be affordable and consistent as high rates of electricity are a deterrent to the industry.

He urged the State Governments to expedite acquisition of contiguous, litigation encumbrance free land and grant early environmental clearances for the NICDIT projects. He further stated that States should focus on expediting the finalization and execution of the Shareholders Agreements and State Support Agreements.

The Union Minister directed NICDC to foreclose the projects where the State Government is not able to provide committed land in a time bound manner and to conceive projects in other states that are willing to offer land to expedite investments in their respective states.

He concluded by saying, India is making rapid strides towards Aatmnirbharta and continuous support from States will be the best contribution in this nation building process.

Speaking on the occasion, Union Minister for Ports, Shipping and Waterways & Ministry of Ayush, Sarbananda Sonowal, said that the development of economic zones in and around ports may also be looked into.

Sumita Dawra, Special Secretary-Logistics, DPIIT and CEO & MD, NICDC spoke about the recent developments in the industrial corridor projects and gave a brief overview about the projects which are in the pipeline. During the presentation, she highlighted the adoption of PM’s GatiShakti National Master Plan in Industrial Corridor projects.