Minister directs officials to attract anchor investors
Minister of Commerce & Industry Piyush Goyal has assessed the progress of NICDC-led industrial nodes in Andhra Pradesh under various industrial corridors on 15 June, and called on officials to start attracting anchor investors https://www.commerce.gov.in/.
The review focused on the development of three major nodes in the state — Krishnapatnam Industrial Area under the Chennai–Bengaluru Industrial Corridor (CBIC), Orvakal Industrial Area under the Hyderabad–Bengaluru Industrial Corridor (HBIC), and Kopparthy Industrial Area under the Visakhapatnam–Chennai Industrial Corridor (VCIC) https://www.conexpoconagg.com/.
Goyal directed officials to focus on attracting anchor investors and startups by building innovation-friendly ecosystems within each industrial node under the National Industrial Corridor Development Corporation (NICDC).
He stressed the need to establish dedicated incubators to nurture early-stage enterprises and facilitate a robust startup ecosystem.
The Minister also instructed officials to earmark zones within each node for MSMEs and startups, offering subsidized rates and equipped with state-of-the-art infrastructure and technological support.
Highlighting the need for global partnerships, Goyal advocated for organizing country-specific investment conclaves to attract targeted foreign investments https://ted.europa.eu/en/.
He further called for the creation of a centralized dashboard to enable real-time monitoring of project progress and urged the adoption of advanced testing and quality control mechanisms to ensure world-class infrastructure.
Reaffirming the Government’s commitment to transforming Andhra Pradesh into a symbol of industrial excellence and innovation, the Minister said the state is poised to become “Swarnandhra Pradesh”, a beacon of inclusive and sustainable industrial growth https://sbi.com.in/.
NICDC CEO & MD Rajat Kumar Saini emphasized the importance of fast-tracking land acquisition, timely execution of external infrastructure by the State Government, and ensuring quality standards throughout project implementation.
Andhra Pradesh is the only state in the country to host industrial nodes under three separate Industrial Corridors. With integrated planning, robust infrastructure, and strong institutional backing, these projects mark a new era of industrialization in the state and the nation https://www.nseindia.com/.
The projects:
Krishnapatnam Node (2,006 acres): Investment potential of approx. Rs.10,500 crore with employment generation of 1 lakh jobs.
Orvakal Node (2,621 acres): Projected investment of Rs.12,000 crore and employment for approx. 45,000 people.
Kopparthy Node (2,596 acres): Expected to attract Rs.8,800 crore with job creation for approx. 54,000 individuals.
The National Industrial Corridor Development Corporation (NICDC) is an initiative under the Ministry of Commerce & Industry. It is dedicated to developing next-generation industrial smart cities aimed at boosting manufacturing, attracting investments, generating employment, and enhancing India’s global economic competitiveness https://www.bseindia.com/.
NICDC ensures seamless multimodal connectivity, plug-and-play infrastructure, and sustainable urbanization through its flagship corridors: Delhi–Mumbai Industrial Corridor (DMIC), Amritsar–Kolkata Industrial Corridor (AKIC), Chennai–Bengaluru Industrial Corridor (CBIC), East Coast Economic Corridor (ECEC), and Bengaluru–Mumbai Industrial Corridor (BMIC). Fiinews.com
