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Investment: International manufacturers allotted 173 plots in Industrial Corridors

Fiinews by Fiinews
April 13, 2022
in Investment, Projects
Reading Time: 2 mins read
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Goyal calls for handholding for investors to help resolve issues

A total of 173 plots (851 Acre) have been allotted in four cities attracting investments of Rs.16,760 crore from companies from South Korea, Russia, China, the UK, Japan as well as from India including MSMEs.

This update was given to Commerce and Industry Minister Piyush Goyal during a review of the National Industrial Corridor Development Program.

A world class ‘Plug n Play’ infrastructure at plot level has been developed in the 4 cities of Dholera (Gujarat), Shendra Bidkin (Maharashtra), Vikram Udyogpuri (MP), Integrated Industrial Township (Greater Noida, UP). Land allotment is currently underway in these corridors, the Ministry of Commerce and Industry said on 12 Apr 2022.

With the availability of additional developed land of approx. 5,000-acre, the Minister directed the officials to expedite land allotment to industrial, commercial and residential sectors in these cities through marketing activities including road shows and attractive and conducive land allotment policies.

Goyal further called for regular interactions be made with the plot allottees so as to handhold them in resolving issues that they must be facing in starting the construction of their factories or commercial production. He further directed to expedite activities with respect to other projects where land can be made available to industries.

The Minister instructed that in order to bring complete transparency in the land allotment system, e-land management system (e-LMS) should be implemented across all the projects and continuous monitoring should be done through an integrated dashboard.

He underlined, “The National Industrial Corridor Program is a pan-India initiative and development of plug and play infrastructure will boost manufacturing ecosystem in the country.

“NICDC should work in close coordination with the respective state governments to expedite the project development activities for developing a world-class manufacturing and investment infrastructure to boost competitiveness and job creation.” fiinews.com

Tags: Ministry of Commerce and Industry
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