Piyush Goyal reviews progress of NICDC-led industrial nodes
According to a release from the Ministry of Commerce & Industry, the review meeting held on on 15th June 2025, 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).
Union Minister Goyal directed officials to focus on attracting anchor investors and startups by building innovation-friendly ecosystems within each industrial node. 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 subsidised rates and equipped with state-of-the-art infrastructure and technological support.
Highlighting the need for global partnerships, Goyal advocated for organising country-specific investment conclaves to attract targeted foreign investments. He further called for the creation of a centralised 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 of India'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.
The meeting was attended by Member of Parliament (Guntur) Chandra Sekhar Pemmasani; Minister of State for Rural Development & Communications, T.G. Bharath; Minister of Industries & Commerce, Government of Andhra Pradesh, N. Yuvaraj; Secretary of Industries, Government of Andhra Pradesh, Rajat Kumar Saini; CEO & MD, NICDC, Abhishikth Kishore; Managing Director, APIIC, and senior officials from NICDC, APICDC, and other stakeholder agencies.
The session began with detailed presentations on all three NICDC nodes by the Vice Chairman & Managing Director, APIIC, followed by an overview of Andhra Pradesh's industrial roadmap under the ambitious 'Swarna Andhra 2047' framework presented by the Secretary, Industries.
CEO & MD, NICDC Rajat Kumar Saini, emphasised 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 India to host industrial nodes under three separate industrial corridors, reflecting its commitment to integrated planning, robust infrastructure, and strong institutional support. These projects represent a transformative phase of industrialisation for both the state and the nation.
The Krishnapatnam Node, spread over 2,006 acres, has an investment potential of approximately Rs 10,500 crore and is expected to generate around 1 lakh jobs. The Orvakal Node, covering 2,621 acres, is projected to attract Rs 12,000 crore in investments and create employment for nearly 45,000 people. Meanwhile, the Kopparthy Node, spanning 2,596 acres, is anticipated to bring in investments of Rs 8,800 crore and generate jobs for approximately 54,000 individuals.
As per the release, the National Industrial Corridor Development Corporation (NICDC) is an initiative of the Government of India 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.
NICDC ensures seamless multimodal connectivity, plug-and-play infrastructure, and sustainable urbanisation 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). (ANI)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
an hour ago
- Indian Express
Amid space crunch, Punjab and Haryana HC considers third site proposed for possible relocation
The Punjab and Haryana High Court on Wednesday took note of a fresh proposal to utilise land vacated after the shifting of the furniture market for a possible relocation of the court complex, adding a third alternative to the two already under consideration. The division bench of Chief Justice Sheel Nagu and Justice Sanjiv Berry was hearing the matter of space constraints at the high court and possible sites for additional courtrooms and facilities. Additional Solicitor General Satya Pal Jain, representing the Union of India, informed the court that officials and stakeholders — including members of the Bar, court staff, architects, and the Union Territory administration — met on August 7 to discuss the urgent requirement for more courtrooms. He said the meeting examined two possible courses of action, keeping in mind the severe space crunch and the fact that the current complex is a UNESCO World Heritage site. The first option, Jain said, is to expand 'within the existing campus,' specifically towards the parking area outside the Bar room. The plan proposes three underground parking levels and three floors above ground, accommodating 16 new courtrooms at an estimated cost of Rs 200 crore. However, this would require UNESCO's clearance — a process expected to take about a year — and would cause significant disruption to the roughly 1,000 vehicles parked there daily, alongside logistical and security challenges during the multi-year construction. The second option involves relocating court facilities to one of two new sites. The first is Sarangpur, with 48 acres of available land and an estimated project cost of Rs 350 crore. The Union territory administration is open to this plan, though site-specific challenges remain. The second is an IT park, which will be assessed for feasibility. Jain said a small team of senior officials and Bar representatives will visit both Sarangpur and the IT park this weekend to evaluate ground realities such as traffic flow and infrastructure readiness. The Bar Association has sought time till August 20 to decide whether it is willing to move out of the current complex. If it agrees, planning will proceed at the chosen new site. If not, the administration will have to pursue the in-situ expansion despite the constraints. During the hearing, Bar Council president Sartej Singh Narula suggested a third option — using several acres of land freed after the furniture market's relocation near Sectors 53–55, close to Mohali. Senior standing counsel for the Union territory, Anit Jhanji, reading from affidavits, highlighted the Capitol Complex's UNESCO heritage restrictions, noting that any major construction within the protected zone must be pre-cleared by the World Heritage Committee under Paragraph 172 of the Operational Guidelines. He also traced the legal framework since the complex's 2016 inscription is part of Le Corbusier's transnational architectural works. The bench also discussed an approved plan near the Open Hand Monument that proposes shifting certain high court branches into five new halls, freeing space within the main building. The counsel suggested incorporating two underground parking levels into this project to address staff parking shortages. The court noted that, if feasible, this plan could be placed before the heritage committee by September for clearance. Bar Council advocates, meanwhile, called for a small joint committee of the high court, Union territory administration, and Bar representatives to address 'minor but persistent' operational issues outside the courtroom, such as delayed fire safety clearances and relocation of branches. The matter will be heard next on August 22.
Hans India
an hour ago
- Hans India
India and Singapore hold third Ministerial Roundtable, strengthen Comprehensive Strategic Partnership
New Delhi: India and Singapore on Wednesday held the third Ministerial Roundtable in New Delhi, discussing bilateral cooperation between two nations under the six pillars of digitalisation, skill development, sustainability, healthcare, connectivity and advanced manufacturing. For the third India-Singapore Ministerial Roundtable (ISMR), the Indian side was represented by the External Affairs Minister (EAM) S Jaishankar, Union Finance Minister Nirmala Sitharaman, Union Commerce and Industry Minister Piyush Goyal and Union Minister of Electronics and Information Technology Ashwini Vaishnaw. Deputy Prime Minister Gan Kim Yong, Coordinating Minister for National Security and Home Affairs K Shanmugam, Foreign Minister Vivian Balakrishnan, Digital Development and Information Minister Josephine Teo, Minister for Manpower Tan See Leng and Acting Minister for Transport Jeffrey Siow led the Singaporean side. External Affairs Minister S Jaishankar thanked Singaporean ministers for their commitment to strengthen the Comprehensive Strategic Partnership between two nations. He stated that ISMR interacted with India Singapore Business Roundtable and termed the synergy between government and industry as a key to unlock next phase of bilateral ties. "Delighted to attend the 3rd India Singapore Ministerial Roundtable ISMR in New Delhi. Thank DPM Gan Kim Yong, Coordinating Minister for National Security and Home Affairs K Shanmugam, FM Vivian Bala, Digital Development and Information Minister Josephine Teo, Minister for Manpower Dr Tan See Leng and Acting Minister for Transport Jeffrey Siow for their commitment to strengthen our Comprehensive Strategic Partnership. The ISMR had a productive interaction with the India Singapore Business Roundtable ISBR delegation. Synergy between Government and Industry is key to the unlocking next phase of India-Singapore ties," Jaishankar posted on X after the meeting. On Tuesday, External Affairs Ministry spokesperson Randhir Jaiswal extended a warm welcome to Singapore's Ministerial delegation as they arrived to attend the third ISMR in New Delhi. In a post on X, Jaiswal stated, "A warm welcome to DPM Mr. Gan Kim Yong, FM Vivian Bala and the Ministerial delegation from Singapore as they arrive in New Delhi for the 3rd India-Singapore Ministerial Roundtable (ISMR). ISMR, a unique mechanism, continues to strengthen the India-Singapore Comprehensive Strategic Partnership." The India-Singapore ties were elevated to Comprehensive Strategic Partnership during Prime Minister Narendra Modi's visit to Singapore in September 2024. With shared history, long tradition of friendship based on trust and mutual respect, and extensive cooperation across several sectors, the cooperation between two nations has deepened and diversified over the years. Envisioned by Prime Minister Narendra Modi, ISMR is a unique mechanism for setting a new agenda for India–Singapore cooperation. Its inaugural meeting was held in New Delhi in September 2022 and the second meeting was held in Singapore in August 2024.
Time of India
5 hours ago
- Time of India
What is America's 'National Security clause' that may mean no increase in price of 'Made-in-India' iPhone 17 models in US
The Trump administration imposed a 50% tariff on goods imported from India to the US last week. While the move could make many products costlier in the US, Apple iPhones remain unaffected by the tariffs for now. The exemption comes under the national security clause in Section 232 of the US Trade Expansion Act of 1962, which gives the president authority to impose tariffs on imports that threaten national security. However, electronics such as smartphones and laptops—like iPhones—are currently exempt from these new tariffs, shielding India-manufactured iPhones from extra costs in US markets. This means iPhones assembled in India will not face the additional duty in the US market, shielding them from potential price hikes. Apple currently manufactures a large share of its iPhones for the US market in India. According to market researcher Canalys, production increased by 53% to 23.9 million units in the first six months of 2025, while exports increased by 52% to 22.88 million units, valued at $22.56 billion. What is Section 232 of US Trade Expansion Act, 1962 As mentioned above, Section 232 of the Trade Expansion Act of 1962 allows the US President to impose restrictions on goods imports or enter into negotiations with trading partners if the US Secretary of Commerce determines, following an investigation, that the quantity or other circumstance of those imports "threaten to impair" US national security. Though Section 232 does not define "national security," it describes steps the Secretary of Commerce, in consultation with the Secretary of Defense, shall take "to determine effects on national security of imports of articles." In considering the impacts, the Secretary of Commerce and the President are to consider: Defense: (1) domestic production required for projected U.S. defense needs (2) capacity of domestic industry to meet such needs (3) existing and anticipated availability of the human resources, products, raw materials, production equipment and facilities, and other supplies and services essential to U.S. national defense (4) growth requirements of domestic industry and related supplies and services to meet U.S. defense needs and necessary conditions to assure such growth (5) the impacts of goods imports on U.S. industry and capacity to meet U.S. defense needs. Economy: (1) "the impact of foreign competition on the economic welfare" of domestic industry (2) the "displacement" of U.S. products by "excessive imports" causing effects including "substantial unemployment," decreases in government revenues, and/or loss of investment and skills. Why the clause matters for Apple Under the national security provision, the US government has placed steep duties—100% in some cases—on certain products such as semiconductors and chips. However, finished consumer electronics remain exempted. Trump has also stated that companies building products in the US will not be charged tariffs on the final product. For now, Apple can continue selling India-assembled iPhones in the US without passing on extra costs to consumers. However, industry analysts note that while the exemption is in place, any future policy change could still affect Apple's pricing and supply chain strategy. Majority of iPhones sold in US are Made in India Speaking at Q2 earnings, Apple CEO Tim Cook said that the 'vast majority' of iPhones sold in the US are made in India. This production strategy helps the company avoid possible supply disruptions and insulates it from the immediate impact of the tariffs. 'In terms of the country of origin, it's the same as I referenced last quarter. There hasn't been a change to that, which is the vast majority of the iPhone sold in the US or the majority, I should say, have a country of origin of India,' Tim Cook told analysts. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
