Work is poised to begin shortly on 11 of the 12 industrial nodes approved last year under the National Industrial Corridor Development Programme (NICDC), valued at ₹28,602 crore and spread across 26,000 acres in 10 states. NICDC’s chief executive officer and managing director, Rajat Kumar Saini, said tenders have been floated for 10 projects, with EPC contractors already allotted for four of them. Work is expected to start at eight parks by 30 November and at three more by the new year.
Construction of each industrial park is expected to take around 36 months from commencement. Land acquisition has begun, managing directors have been appointed, and discussions with potential anchor investors are ongoing, with three parks already in active negotiations.Saini noted that 300 acres have been allocated for a Japanese township in Tumakuru, while the Tata Group is developing an industrial township in Dholera focused on semiconductors. He added that the government is witnessing strong investor interest in the PM MITRA parks, pointing to the Dhar park in Madhya Pradesh, where capacity has already been sold out and trunk infrastructure is expected within two years.The 12 approved industrial parks will focus on diverse sectors: automobiles, pharmaceuticals, electronics, engineering, defence, renewables, leather, textiles, food processing, and handicrafts, across locations such as Uttarakhand, Punjab, Maharashtra, Kerala, Uttar Pradesh, Bihar, Telangana, Andhra Pradesh, Rajasthan and Haryana.The government expects these nodes to act as catalysts in reaching India’s $2 trillion export target by 2030. Commerce and Industry Minister Piyush Goyal has earlier said the projects could attract investments well above initial estimates, citing Toyota’s investment in Sambhaji Nagar as an example. In August 2024, he urged businesses to identify opportunities in 20 proposed parks, assuring that world-class social infrastructure, including schools, hospitals, plug-and-play facilities and walk-to-work ecosystems, is being developed to attract skilled professionals.
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