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August 7, 2026
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Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
August 7, 2026
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August 7, 2026
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Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
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August 7, 2026
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Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
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Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
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Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
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News and Press Release

Economic Industrial Corridor

December 9, 2013

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During the Summit meeting held between India and United Kingdom in February 2013, the Prime Ministers of both the countries noted UK’s interest in cooperating with India for the development of a new Bengaluru Mumbai Economic Corridor (BMEC). The feasibility study is being conducted by the India side. The details of nodes to be developed and other details will be clear only after the study is over.

The Government has notified a National Manufacturing Policy (NMP) vide Press Note dated 4th November, 2011 with the objective of enhancing the share of manufacturing in GDP to 25% and creating 100 million jobs over a decade. The goals of DMIC intervention are:

• Double employment in 7 years

• Triple industrial output in 9 years.

• Quadruple exports from region in 8 -9 years.

It is too early to fix any targets in respect of the Chennai Bangalore Industrial Corridor (CBIC), Bangalore Mumbai Economic Corridor (BMEC) & the Amritsar - Kolkata Industrial Corridor (AKIC).

Annexure

Annexure referred to in reply to part (a) of the Lok Sabha Unstarred Question No. 604 for answer on 9.12.2013.

Four industrial corridors have been envisaged:

(i) Delhi Mumbai Industrial Corridor (DMIC):

DMIC Project is proposed to be implemented on both sides of the 1483 km long Western Dedicated Rail Freight Corridor between Dadri (UP) and JNPT (Navi Mumbai).   The project, to be implemented with Japanese assistance, seeks to create a strong economic base with a globally competitive environment and state-of-the-art infrastructure to activate local commerce, enhance investment and attain sustainable development. The DMIC project covers the six States of Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra. The following investment regions/industrial areas have been taken up for development as industrial cities in the first phase;

a) Ahmedabad-Dholera Investment Region, Gujarat

b) Shendra-Bidkin Industrial Park, Aurangabad, Maharashtra

c) Manesar-Bawal-Investment Region, Haryana

d) Khushkhera-Bhiwadi-Neemrana Investment Region, Rajasthan

e) Pithampur-Dhar-Mhow Investment Region, Madhya Pradesh

f) Dadri-Noida-Ghaziabad Investment Region, Uttar Pradesh and

g) Dighi Port Industrial Area, Maharashtra.

ii)   Chennai Bangalore Industrial Corridor (CBIC):

During the visit of the Prime Minister of Japan to India on 28th December, 2011, the two Prime Ministers decided to strengthen efforts to improve infrastructure in Chennai Bangalore area and directed to operationalise the modalities for preparation of the Comprehensive Integrated Master Plan for development of Chennai Bangalore Industrial Corridor (CBIC). Japan International Cooperation Agency (JICA) Study Team conducted a Preliminary Study and in their report submitted in December 2012,. 26 priority projects across various sectors aimed at removing infrastructural bottlenecks have been identified. The Terms of Reference (ToRs) for Phase II Study for the CBIC were finalised in consultation with the stakeholders. As per the Terms of Reference, JICA is required to prepare the Comprehensive Regional Perspective Plan for CBIC region within 6-8 months of mobilisation of the Consultant and the Concept Master Plan and Development Plan for two Industrial Nodes within the next 10-12 months. A kick-off meeting with the JICA consultants for preparation of the comprehensive plan (phase-2 study) was held on 15th October, 2013. The interim report on Regional Perspective Plan should be ready tentatively by mid 2014 and the final report containing the Concept Master Plan and Development Plan for Industrial Nodes around mid 2015.

iii)Bengaluru-Mumbai Economic Corridor (BMEC):

During the Summit meeting held between India and United Kingdom in February, 2013, the Prime Ministers of both the countries welcomed the development in cooperation on infrastructure since the last summit. They noted UK’s interest in cooperating with India for the development of a new Bengaluru-Mumbai Economic Corridor (BMEC). The leaders agreed to examine and evolve the modalities and content of a feasibility study of this project concept through mutual discussions and to work out a roadmap for a possible partnership in this area. The ToRs for the feasibility study have been finalised in consultation with the Department of Economic Affairs, the UK side and DMICDC, which has been appointed as the nodal agency on the Indian side for the project. It has been agreed that the feasibility study will be funded and procured by the Government of India. DMICDC has initiated the tendering process for selection of a consultant for undertaking the study.

(iv) Amritsar-Kolkata Industrial Corridor (AKIC) :

In order to give a boost to industrial development in the densely populated States of Northern and Eastern India, commencement of preparatory work on developing the Amritsar-Kolkata Industrial Corridor (AKIC) has been approved. The AKIC will be structured around the Eastern Dedicated Freight Corridor (EDFC) as the backbone and also the Highway system that exists on this route. The AKIC will also leverage the Inland Water System being developed along National Waterway-1 which extends from Allahabad to Haldia. The AKIC will cover the States of Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand and West Bengal.

The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. E.M. Sudarsana Natchiappan in Lok Sabha today.

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