NICDC and IIT Delhi: A Memorandum of Understanding (MOU) between the National Industrial Corridor Development Corporation Limited (NICDC) and the Foundation for Innovation and Technology Transfer at the Indian Institute of Technology, Delhi (FITT-IITD) were signed between them for future planning of sustainable industrial smart cities In India under the goal of “Viksit Bharat” (developed India) and its ambition to become a $5 trillion economy. Under the MOU, FITT-IITD analyzes various factors influencing location optimality, including ease of business, living costs, logistic costs, connectivity, and sustainability for greenfield smart cities in India which will be submitted to GOI. Shri Rajat Kumar Saini, CEO and MD of NICDC, expressed optimism about the transformative potential of the partnership. Held at Vanijya Bhawan, New Delhi on February 26th, 2024, the collaboration aims to assess optimal locations for the development of Greenfield Industrial Smart Cities across the country. Led by Shri Rajesh Kumar Singh, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), the ceremony saw the participation of key government officials and FITT-IITD representatives.
National Industrial Corridor Development Corporation Limited (NICDC)
National Industrial Corridor Development Corporation Limited (NICDC)
The National Industrial Corridor Development Corporation Limited (NICDC) is a government-owned entity under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India. Established to increase the development of industrial corridors in the country, NICDC plays a crucial role in creating world-class infrastructure to promote industrial growth and economic development.
Mandate:
Industrial Corridor Development: NICDC is mandated to spearhead the development of industrial corridors across India.
Infrastructure Development: It focuses on creating world-class infrastructure to support industrial growth and economic development.
Promotion of Smart Cities: NICDC works towards the development of Greenfield Industrial Smart Cities.
Collaboration: The corporation collaborates with government agencies, private sector partners, and academic institutions to drive innovation and facilitate industrial development.
Investment Attraction: NICDC aims to attract investments into industrial projects and facilitate sustainable industrial growth.
Objectives:
Facilitate Industrial Growth: NICDC aims to facilitate the growth of industries across various sectors through the development of industrial corridors.
Create Employment Opportunities: By promoting industrial development, NICDC contributes to the creation of employment opportunities, thereby fostering economic growth and prosperity.
Infrastructure Development: The corporation focuses on developing robust infrastructure, including transportation networks, utilities, and amenities, to support industrial activities.
Promote Innovation: NICDC collaborates with stakeholders to drive innovation in industrial processes and technologies, enhancing the competitiveness of Indian industries.
Sustainable Development: NICDC emphasizes sustainable development principles in its projects, aiming to balance economic growth with environmental and social considerations.
Who collaborated for the development of greenfield smart cities in India?
National Industrial Corridor Development Corporation Limited (NICDC) and the Foundation for Innovation and Technology Transfer at the Indian Institute of Technology, Delhi (FITT-IITD) collaborated for the development of greenfield smart cities in India
