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August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
Show AI Summary
Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
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Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.

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News and Press Release

Cabinet Greenlights 12 New Industrial Cities Under NICDP

August 31, 2024

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Introduction

The National Industrial Corridor Development Programme stands as India's most ambitious infrastructure initiative, aiming to shape the future of urban and industrial development. This visionary programme seeks to create new industrial cities as "Smart Cities," where next-generation technologies seamlessly integrate across various infrastructure sectors. By fostering the development of these futuristic industrial hubs, the Government of India is positioning the country as a global leader in manufacturing and investment, rivalling the world's top destinations.

Central to this strategy is the development of integrated industrial corridors designed to accelerate growth in the manufacturing sector and promote systematic urbanisation. These corridors, supported by robust multi-modal connectivity and developed in collaboration with State Governments, are set to drive employment opportunities, economic growth, and overall socio-economic development across the nation.

Background

The National Industrial Corridor Development Programme began with the Delhi-Mumbai Industrial Corridor (DMIC) launch.

The Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) Limited was established on 7th January 2008 as a Special Purpose Vehicle (SPV) under the administrative control of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry. Its primary mission was to oversee project development activities and coordinate the implementation of various initiatives under the DMIC.

In December 2016, the scope of the DMIC Trust was broadened, leading to its reconstitution as the National Industrial Corridor Development and Implementation Trust (NICDIT). As a result, in February 2020, DMICDC Ltd. was renamed the National Industrial Corridor Development Corporation (NICDC) Limited. This change marked a significant milestone in India's flagship ‘National Industrial Corridor Programme,’ with NICDC entrusted to spearhead the development of multiple industrial corridor projects across the country.

NICDC's mandate includes project development activities for a wide range of initiatives, including investment regions, industrial areas, economic zones, industrial nodes, townships, integrated manufacturing clusters, and standalone or early-stage projects. It also provides vital support to various State Governments in these endeavours.

NICDC’s role extends to comprehensive project development, including preparing master plans, feasibility reports, and detailed project reports. Additionally, it acts as a key intermediary in developing and establishing infrastructure projects, facilitating the creation and distribution of financial instruments, negotiating loans, and designing schemes for resource mobilisation and credit extension for infrastructure development. 

A map of india with a road and a map of the indian border Description automatically generated with medium confidence

National Industrial Corridors

11 corridors form the National Infrastructure Pipeline.

Key Highlights of the Programme

  • Strategic Investments: The National Industrial Corridor Development Programme (NICDP) aims to cultivate a dynamic industrial ecosystem by attracting investments from both large anchor industries and Micro, Small, and Medium Enterprises (MSMEs). These industrial nodes will serve as catalysts for achieving the ambitious target of $2 trillion in exports by 2030, aligning with the government's vision of a self-reliant and globally competitive India.
  • Smart Cities and Modern Infrastructure: NICDP will see the development of new industrial cities as greenfield smart cities of global standards. These cities will be built "ahead of demand," incorporating the 'plug-n-play' and 'walk-to-work' concepts, ensuring advanced infrastructure that supports sustainable and efficient industrial operations.
  • Area Approach on PM GatiShakti: Aligned with the PM GatiShakti National Master Plan, these projects will integrate multi-modal connectivity infrastructure, ensuring seamless movement of people, goods, and services. The industrial cities will serve as growth centres, transforming entire regions into vibrant economic hubs.
  • Vision for a 'Viksit Bharat': The NICDP's approval advances the vision of a 'Viksit Bharat' - a developed India. By positioning India as a key player in Global Value Chains (GVC), NICDP will offer developed land parcels ready for immediate allotment, facilitating domestic and international investors' establishment of manufacturing units. This initiative aligns with the broader objective of creating an 'Atmanirbhar Bharat' or self-reliant India, driving economic growth through enhanced industrial output and employment.
  • Economic Impact and Employment Generation: NICDP is expected to create substantial employment opportunities, with an estimated 1 million direct jobs and up to 3 million indirect jobs. This will provide livelihoods and contribute to the socio-economic upliftment of regions where these projects are implemented.
  • Commitment to Sustainable Development: The NICDP projects strongly emphasise sustainability, incorporating ICT-enabled utilities and green technologies to minimise environmental impact. The aim is to create industrial cities that are not just economic powerhouses but also models of environmental stewardship.

Developed Greenfield Industrial Smart Cities

 Dholera Special Investment Region, Gujarat

A white background with blue text Description automatically generated

Dholera Special Investment Region (DSIR) is a greenfield industrial smart city located 100 km southwest of Ahmedabad, designed to be India’s leading hub for manufacturing and industrial development. As the country’s first platinum-rated industrial smart city, it features the largest land parcels in Southeast Asia and targets key sectors like Defence, Aviation, High-Tech, and Pharmaceuticals. Established in 2016, Dholera Industrial City Development Ltd. (DICDL) is a Special Purpose Vehicle (SPV) formed as a joint venture, with the Government of Gujarat holding a 51% stake through DSIRDA and the Government of India holding a 49% stake through the NICDC Trust. The SPV focuses on sustainable, non-polluting industries to drive regional and national growth.

Aurangabad Industrial Township Limited, Maharashtra

A blue and gold logoDescription automatically generated

Aurangabad Industrial City (AURIC) is a meticulously planned greenfield smart industrial city covering 10,000 acres in Maharashtra, developed as part of the Delhi-Mumbai Industrial Corridor (DMIC). Located near Aurangabad at Shendra and Bidkin, AURIC is managed by Aurangabad Industrial Township Limited (AITL), a Special Purpose Vehicle (SPV) between the Maharashtra Industrial Development Corporation (MIDC) and the National Industrial Corridor Development and Implementation Trust (NICDC Trust). The city dedicates 60% of its land to industrial use, with the remaining 40% for residential, commercial, and recreational facilities. 

Integrated Industrial Township, Greater Noida (Uttar Pradesh)

A green and white logo Description automatically generated

DMIC Integrated Industrial Township Greater Noida Limited (DMIC IITGNL) is a Special Purpose Vehicle (SPV) Company incorporated as a 50:50 joint venture between the National Industrial Corridor Development and Implementation Trust (NICDIT) and Greater Noida Industrial Development Authority (GNIDA).

Integrated Industrial Township, Vikram Udyogpuri (Madhya Pradesh)

A green and white logo Description automatically generated

Delhi Mumbai Industrial Corridor Vikram Udyogpuri Limited (DMICVUL) is established to boost employment, industrial output, and regional exports by attracting quality industrial investments and providing world-class infrastructure. The Vikram Udyogpuri (VU) project is designed to create a sustainable economic base focusing on manufacturing and is supported by institutional, residential, and commercial activities. Located in Narwar village, 8 km from Ujjain and 12 km from Dewas, the project spans 442.3 hectares (1,096 acres) and features trunk infrastructure and supporting social and physical amenities, strategically positioned along State Highway 18 (SH-18) within the DMIC region.

Cabinet Approval of 12 Industrial Nodes/Cities

India is on the cusp of a significant industrial transformation following the Cabinet Committee on Economic Affairs' recent approval of 12 new project proposals under the National Industrial Corridor Development Programme (NICDP). This landmark decision, chaired by Prime Minister Shri Narendra Modi, involves an estimated investment of ₹28,602 crore. The initiative aims to create a strong network of industrial nodes and cities, driving economic growth and enhancing the country's global competitiveness. These 12 industrial areas, strategically located across 10 states and planned along six major corridors, will be pivotal in advancing India's manufacturing capabilities and economic expansion. The approved cities include:

  • Khurpia, Uttarakhand
  • Rajpura-Patiala, Punjab
  • Dighi, Maharashtra
  • Palakkad, Kerala
  • Agra, Uttar Pradesh
  • Prayagraj, Uttar Pradesh
  • Gaya, Bihar
  • Zaheerabad, Telangana
  • Orvakal, Andhra Pradesh
  • Kopparthy, Andhra Pradesh
  • Jodhpur-Pali, Rajasthan

Image

Approving 12 new industrial nodes under the NICDP marks a significant milestone in India's journey towards becoming a global manufacturing powerhouse. With a strategic focus on integrated development, sustainable infrastructure, and seamless connectivity, these projects are poised to redefine India's industrial landscape and fuel the nation's economic growth for years to come.

Beyond these new approvals, NICDP has already completed four projects, with another four currently under implementation. This continued progress underscores the government's unwavering commitment to transforming India's industrial sector and fostering a vibrant, sustainable, and inclusive economic environment.

Conclusion

In conclusion, the National Industrial Corridor Development Programme (NICDP) represents a transformative initiative poised to reshape India's industrial landscape and position the country as a global manufacturing leader. The recent Cabinet approval of 12 new industrial nodes underscores the government's unwavering commitment to fostering economic growth, creating employment opportunities, and advancing sustainable development. These projects will not only bolster India's manufacturing capabilities but also serve as catalysts for regional economic upliftment, driving the nation towards a vision of a self-reliant and developed India. As these industrial corridors come to fruition, they will play a pivotal role in shaping the future of India's economy, enhancing its global competitiveness, and ensuring long-term prosperity for the nation.

References:

  1. https://pib.gov.in/PressReleasePage.aspx?PRID=2049314
  2. https://www.nicdc.in/index.php
  3. https://www.auric.city/content/about
  4. https://dholera.gujarat.gov.in/
  5. https://vikramudyogpuriujjain.com/index.php?page=why-ujjain
  6. https://www.iitgnl.com/gnl-content/dmic-iitgnl

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