Inaugural INNOPROM India strengthens India–Russia cooperation in manufacturing, technology and investment

India–Russia Set Bilateral Trade Target of ₹9.45 Lakh Crore (US$100 Billion) by 2030

20 Industrial Smart Cities Across 13 States to Offer Investment Potential of ₹5.35 Lakh Crore

National Industrial Corridor Development Corporation Limited (NICDC), under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India, participated in the first-ever INNOPROM India 2026, being held from 9–11 September 2026 at Bharat Mandapam, New Delhi.

The inaugural edition of INNOPROM in India provides an important platform for advancing the India–Russia Special and Privileged Strategic Partnership, bringing together Government representatives, manufacturers, technology companies, investors and industry organisations from both countries.

India and Russia have set a bilateral trade target of approximately ₹9.45 lakh crore (US$100 billion) by 2030, with the wider economic partnership increasingly focusing on manufacturing, investments, technology cooperation, logistics, localisation and industrial clusters.

Supported by the Ministry of Commerce & Industry, Government of India, and the Ministry of Industry and Trade of the Russian Federation, the event focuses on strengthening cooperation in manufacturing, industrial technology, localisation, investment and business partnerships.

NICDC’s participation provided an opportunity to engage directly with Russian companies, regional Governments, technology providers, investors and business delegations and showcase India’s industrial corridors as attractive destinations for long-term manufacturing investment.

The NICDC exhibition stall received an encouraging response and significant footfall, with delegates showing interest in NICDC’s industrial smart cities, investment-ready infrastructure, BHAVYA, PM MITRA Parks, ICLP and digital logistics initiatives.

NICDC representatives also participated in B2B meetings and focused interactions with prospective investors, manufacturers, technology companies and Government representatives during which views were exchanged on industrial development, manufacturing cooperation and potential areas of collaboration.

The NICDC team also visited participating stalls and interacted with exhibitors to gain insights into emerging industrial technologies, manufacturing solutions and sectoral capabilities. These engagements facilitated exchange of knowledge and industry perspectives while identifying potential areas for deeper India–Russia industrial and technology cooperation.

At INNOPROM India 2026, NICDC showcased opportunities under the National Industrial Corridor Development Programme (NICDP), one of India’s largest planned industrial infrastructure initiatives.

The programme spans 11 Industrial Corridors, 20 Greenfield Industrial Smart Cities and 13 States. Four industrial smart cities have already been developed, while another 16 projects are at various stages of implementation.

Together, these projects cover approximately 19,878 hectares, with an estimated investment potential of around ₹5.35 lakh crore (US$56.6 billion) and employment potential of nearly 1.4 million jobs.

Across completed and upcoming projects, 469 industrial plots covering approximately 2,109 hectares have been allotted, representing associated investment potential of around ₹2.21 lakh crore (US$23.4 billion) and employment potential of approximately 129,000 persons.

The four developed industrial smart cities are:

• Dholera Special Investment Region, Gujarat
• Shendra-Bidkin Industrial Area (AURIC), Maharashtra
• Integrated Industrial Township Greater Noida, Uttar Pradesh
• Integrated Industrial Township Vikram Udyogpuri, Madhya Pradesh

These cities are being developed as investment-ready, plug-and-play manufacturing ecosystems, with serviced industrial land, reliable power, water and wastewater systems, ICT infrastructure and multimodal connectivity to highways, railways, ports and airports.

The programme is also aligned with the PM GatiShakti National Master Plan, enabling industrial development to be integrated with major transport and logistics networks.

Potential areas of India–Russia manufacturing cooperation include advanced engineering and machinery, railway and transport equipment, metals, energy and renewable energy, automobiles, aerospace & defence, pharmaceuticals, chemicals, textiles and advanced manufacturing technologies.

Reputed International companies including from Russia have presence in the NICDC cities and are running their operations smoothly.

NICDC has also maintained sustained engagement with Russian Government institutions, diplomatic stakeholders, industry organisations and business delegations through bilateral platforms, industrial visits and discussions relating to investment, manufacturing, logistics and industrial development.

Earlier engagements with Russian stakeholders have identified NICDC Cities at Krishnapatnam Industrial Area in Andhra Pradesh and Tumakuru Industrial Area in Karnataka among locations that could potentially be explored for such cooperation.

NICDC’s engagement with the Government of Moscow has also covered identification of Moscow-based companies interested in investing in India, B2B matchmaking, business missions, exchange of experience in industrial clusters and Special Economic Zones, and the possibility of establishing a Russian industrial cluster within an NICDC city.

Such a cluster could bring together Russian anchor manufacturers, component suppliers, technology companies and Indian partners, supporting localisation, technology partnerships and resilient supply chains.

Beyond industrial corridors, NICDC is serving as the Project Management Agency for seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks under the Ministry of Textiles. These parks are envisioned as integrated textile manufacturing ecosystems with modern infrastructure and improved logistics connectivity.

NICDC is also supporting the Bharat Audyogik Vikas Yojna (BHAVYA) as Project Management Agency for development of 100 investment-ready, plug-and-play industrial parks across India from FY 2026–27 to FY 2031–32. The scheme has an overall outlay of approximately ₹33,660 crore (US$3.56 billion).

NICDC also showcased the Industrial Corridor Land Platform (ICLP), a GIS-enabled national platform providing investors information on more than 4,000 industrial parks, including land availability, infrastructure and connectivity, enabling informed site-selection decisions.

Complementing physical infrastructure, NICDC Logistics Data Services Limited (NLDSL) is strengthening India’s digital logistics ecosystem through the Unified Logistics Interface Platform (ULIP) and Logistics Data Bank (LDB). LDB provides end-to-end visibility of EXIM container movement and has tracked over 10 crore containers.

NLDSL has also developed solutions including Koyla Shakti – Smart Coal Analytics Dashboard, along with Track Your Transport (TYT), Transport Management System (TMS) and Logistics e-Marketplace (LeMP) to improve logistics visibility, efficiency and data-driven decision-making.

Through its industrial smart cities, PM MITRA Parks, BHAVYA, ICLP and digital logistics ecosystem, NICDC is positioning India as a competitive manufacturing, localisation and investment destination, helping translate India–Russia economic cooperation into industrial investments, technology partnerships, jobs and resilient supply chains.