Government Accelerates Industrial Growth with Revolutionary Measures Across States and UTs

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New Delhi: Through a number of creative measures aimed at establishing a competitive manufacturing and investment ecosystem, the Indian government is aggressively promoting industrial growth across the country. These efforts, which are spearheaded by the Department for Promotion of Industry and Internal Trade (DPIIT) in collaboration with other Central Ministries and Departments, aim to create an atmosphere that is favourable to the expansion of industry and economic change. 

A Multifaceted Strategy for Industrial Growth 

To draw in investments and promote innovation, a number of flagship initiatives have been carefully put into place, such as Make in India, Startup India, PM Gati Shakti, National Infrastructure Pipeline (NIP), and Production Linked Incentive (PLI) Scheme. Simultaneously, initiatives like the Ease of Doing Business (EoDB) framework and the lowering of regulatory requirements have made things easier for both investors and businesses. 
Transparency and accessibility are guaranteed by important digital initiatives like the India Industrial Land Bank and the National Single Window System (NSWS), while institutional mechanisms like Project Development Cells (PDCs) across Ministries allow for quicker decision-making and investment facilitation. 

NICDP, or the National Industrial Corridor Development Program 

The National Industrial Corridor Development Programme (NICDP), which seeks to create cutting-edge greenfield industrial regions, is a pillar of the government's economic policy. The goal of these initiatives is to make India one of the most alluring locations for investment and industry in the world. 

NICDP Projects in Maharashtra: A Success Formula 

1. SBIA, or Shendra-Bidkin Industrial Area: 

SBIA is located in Aurangabad, Maharashtra, and is 4,584 acres in size. It was developed as part of the Delhi-Mumbai Industrial Corridor (DMIC). 
Significant progress includes the completion of trunk infrastructure and land allotment of 2,620 acres to 294 investors, including 100 acres to anchor investor HYOSUNG, a South Korean company. 
The Shendra and Bidkin areas were inaugurated by Prime Ministers in 2019 and September 2024, respectively. 

2. Industrial Area of Dighi Port: 

This 6,056-acre project, which was authorised in August 2024 with an investment of ₹5,468 crore, is situated in the Raigad region. 
It is anticipated to bring in ₹12,000 crore in investments and create one lakh direct and indirect employment. 
Industrial Corridor Amritsar-Kolkata (AKIC) 

Additionally, the government has approved two important Amritsar-Kolkata Industrial Corridor (AKIC) projects: 

August 2024 saw the approval of Integrated Manufacturing Clusters (IMC) at Prayagraj and Agra. 
Although there isn't a smart industrial city currently planned in the region, Shahjahanpur is inside the AKIC impact zone. 

Development Program for Leather and Footwear: Strengthening Small Enterprises 

Entrepreneurs in the leather industry are being empowered by the Indian Footwear and Leather Development Programme (IFLDP), which is supported by a ₹1,700 crore grant till 2026. Maharashtra's salient features include: 
Under the Integrated Development of Leather Sector (IDLS) sub-scheme, ₹5.75 lakh has been set out for technological advancements. 

Ratwad Village's Mega Leather Footwear and Accessories Cluster, which would cost ₹256.42 crore in total and get ₹125 crore in federal support, has been approved. 

Encouraging Industrial Growth in the Hill and Northern States 

To encourage industrial growth in Himachal Pradesh, Uttarakhand, Jammu & Kashmir, and Ladakh, the government has implemented the following specialised programs: 
First, the 2017 Industrial Development Scheme (IDS): 
The amount disbursed for J&K and Ladakh was 93.09 crore. 
₹642.63 crore was given for Uttarakhand and Himachal Pradesh. 
2. NCSS, or the New Central Sector Scheme: 
For Jammu & Kashmir (2021–2037), ₹299.10 crore has been disbursed thus far. 

Promoting Economic Growth by Facilitating Investment 

Project Monitoring Groups (PMGs) are actively resolving bottlenecks in important projects in order to expedite expenditures.) Additionally, India's standing as a major manufacturing hub worldwide has been reinforced by liberalised Foreign Direct Investment (FDI) rules. 

Gazing Ahead 

The government's dedication to building a strong industrial base, encouraging entrepreneurship, and increasing job possibilities across is reflected in these focused actions. India is poised to become a global manufacturing powerhouse by fusing ease-of-business reforms with infrastructural development. 
During a meeting of the Lok Sabha, Shri Jitin Prasada, the Minister of State for Commerce and Industry, presented this extensive information.