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Union Finance Minister Chairs the 2nd Meeting of Apex Monitoring Authority for (NICDIT).

  1. Finance Minister Nirmala Sitharaman chaired the 2nd meeting of the Apex Monitoring Authority of the (NICDIT) National Industrial Corridor Development & Implementation Trust.
  2. Emphasis on avoiding politicization of economic development and promoting collective efforts among all states as Team India.
  3. Seeking support from states to resolve operational challenges in developing industrial corridors, including land acquisition and infrastructure linkages.
  4. Commitment towards fostering sustainable and inclusive industrial growth for economic progress.

The 2nd meeting of the Apex Monitoring Authority of the National Industrial Corridor Development & Implementation Trust (NICDIT) was held under the leadership of Union Finance Minister Smt. Nirmala Sitharaman. The meeting, organized in a hybrid mode in New Delhi, focused on addressing the challenges and ensuring the smooth implementation of industrial corridors across the country. This article highlights the key discussions and outcomes of the meeting, underscoring the Finance Minister’s call for collective action and cooperation among all states to drive economic development.

Emphasizing Non-politicization of Economic Development

Finance Minister Smt. Nirmala Sitharaman set the tone for the meeting by urging all stakeholders to avoid politicizing the process of economic development. She emphasized that the goal of industrial corridors is to foster inclusive growth and create employment opportunities for the citizens of India. The Finance Minister reiterated the importance of collaborative efforts and called upon all states to work together as #TeamIndia to overcome obstacles and ensure the successful development of industrial corridors.

Resolving Operational Challenges in Industrial Corridors

One of the primary focuses of the meeting was to address the operational challenges hindering the development of industrial corridors. Finance Minister Smt. Nirmala Sitharaman sought the support of states in resolving critical issues such as land acquisition and external infrastructure linkages. Recognizing the significance of timely land acquisition, she emphasized the need to expedite the process while ensuring fair compensation to affected individuals. Additionally, she stressed the importance of facilitating the implementation of external infrastructure linkages to enhance connectivity and accessibility within and around the industrial corridors.

Expediting Land Acquisition for Industrial Corridors

Efficient land acquisition is a crucial aspect of developing industrial corridors. Finance Minister Smt. Nirmala Sitharaman urged states to streamline the land acquisition process by adopting transparent and efficient mechanisms. This would help minimize delays and ensure the availability of suitable land for industrial development.

Facilitating the Implementation of External Infrastructure Linkages

To ensure the success of industrial corridors, robust external infrastructure linkages are essential. The Finance Minister highlighted the need for states to actively facilitate the development of transportation networks, connectivity to ports, and access to power, water, and other essential utilities. These infrastructure linkages will play a pivotal role in attracting investments and fostering the growth of industries within the corridors.

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