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Industrial Corridors Report
SMART CITIES

Industrial Corridors Report

In a landmark move to position India as a global manufacturing hub, the Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has greenlit the creation of 12 industrial smart cities across 10 states with a massive investment of Rs.286.02 billion. These industrial corridors will...

In a landmark move to position India as a global manufacturing hub, the Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has greenlit the creation of 12 industrial smart cities across 10 states with a massive investment of Rs.286.02 billion. These industrial corridors will strengthen India’s manufacturing ecosystem, accelerate economic growth and enhance global competitiveness. They will be located in Khurpia in Uttarakhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerala, Agra and Prayagraj in Uttar Pradesh, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in Andhra Pradesh and Jodhpur-Pali in Rajasthan.These cities are part of the National Industrial Corridor Development Programme (NICDP). This strategic initiative is projected to create significant opportunities for investment, generating a potential of Rs.1.52 trillion while aligning with India’s ambitious target of achieving $ 2 trillion in exports by 2030.Driving India’s manufacturing futureThe NICDP is at the heart of India’s industrial strategy, focusing on building sustainable and integrated industrial ecosystems that promote investments from both large-scale industries and MSMEs. With the development of these 12 industrial nodes, the Government seeks to position India as a global leader in manufacturing, boosting employment and achieving balanced regional growth.These smart cities, backed by advanced infrastructure and multimodal connectivity under the PM Gati Shakti National Master Plan, will serve as vital growth centres. They are being developed ahead of demand, ready to support rapid industrialisation with the ultimate goal of fostering long-term economic prosperity.Sustainability and job creationThe NICDP is designed with sustainability at its core, integrating green technologies to minimise environmental impact while enhancing operational efficiency. By 2027, these projects are expected to generate 1 million direct jobs and up to 3 million indirect jobs, providing significant socioeconomic benefits across the regions where they are being implemented.Building for the futureProjects such as the Dholera Special Investment Region (Gujarat), Aurangabad Industrial City (Maharashtra) and other notable industrial nodes have already set the benchmark for India’s industrial transformation. The recent approval of 12 new nodes signals a continued commitment to creating world-class industrial infrastructure, ready to cater to both domestic and international investments. Additionally, it includes railway infrastructure projects and support for renewable energy in the northeastern states. As these projects come to life, India’s journey towards becoming a global manufacturing powerhouse is set to accelerate, redefining its role in global value chains and driving sustained economic growth for years to come.

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Technology

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India’s semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

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Real Estate

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai’s Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

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Equipment

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.“The transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. “With an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..

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