NICDIT targets 4 more smart cities, logistics park by FY25
SMART CITIES

NICDIT targets 4 more smart cities, logistics park by FY25

The National Industrial Corridor Development and Implementation Trust (NICDIT) anticipates the completion of four additional smart cities and a logistics park by the end of the fiscal year 2024-25, as stated by its CEO. These developments mark significant strides in India?s urban planning and industrial infrastructure enhancement initiatives.

The NICDIT, which operates under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), has been instrumental in driving forward the government?s vision of establishing smart cities and bolstering logistical capabilities across the nation. The completion of these projects is poised to contribute substantially to the economic landscape, fostering sustainable urbanisation and facilitating smoother trade operations.

Smart cities are at the forefront of modern urban development, leveraging cutting-edge technologies to enhance efficiency, sustainability, and quality of life for residents. By integrating advanced infrastructure, digital connectivity, and eco-friendly initiatives, these cities aim to address pressing urban challenges while promoting economic growth and innovation.

Furthermore, the establishment of a logistics park underscores the government?s commitment to optimising supply chain networks and streamlining cargo movement. With India's burgeoning trade volumes and increasing demand for efficient logistics solutions, such infrastructure investments are crucial for enhancing competitiveness and supporting the country?s position as a global trade hub.

The NICDIT's proactive approach towards project implementation reflects a concerted effort to accelerate India's industrial transformation and capitalise on emerging opportunities in the global market. By prioritising smart urbanisation and logistical development, the government aims to foster inclusive growth, attract investments, and propel the nation towards sustainable prosperity.

The National Industrial Corridor Development and Implementation Trust (NICDIT) anticipates the completion of four additional smart cities and a logistics park by the end of the fiscal year 2024-25, as stated by its CEO. These developments mark significant strides in India?s urban planning and industrial infrastructure enhancement initiatives. The NICDIT, which operates under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), has been instrumental in driving forward the government?s vision of establishing smart cities and bolstering logistical capabilities across the nation. The completion of these projects is poised to contribute substantially to the economic landscape, fostering sustainable urbanisation and facilitating smoother trade operations. Smart cities are at the forefront of modern urban development, leveraging cutting-edge technologies to enhance efficiency, sustainability, and quality of life for residents. By integrating advanced infrastructure, digital connectivity, and eco-friendly initiatives, these cities aim to address pressing urban challenges while promoting economic growth and innovation. Furthermore, the establishment of a logistics park underscores the government?s commitment to optimising supply chain networks and streamlining cargo movement. With India's burgeoning trade volumes and increasing demand for efficient logistics solutions, such infrastructure investments are crucial for enhancing competitiveness and supporting the country?s position as a global trade hub. The NICDIT's proactive approach towards project implementation reflects a concerted effort to accelerate India's industrial transformation and capitalise on emerging opportunities in the global market. By prioritising smart urbanisation and logistical development, the government aims to foster inclusive growth, attract investments, and propel the nation towards sustainable prosperity.

Next Story
Resources

Mahindra selects ABB’s PixelPaint for premium paint options

ABB’s innovative PixelPaint technology has been selected by Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, for its new electric vehicle paint facility. The technology, which uses an award-winning paint head similar to an inkjet printer, will begin serial production in 2025. “Our revolutionary PixelPaint technology can apply large areas of uniform color as well as the tiniest details with complete accuracy, without delaying the production line or the need for manual intervention,” said Joerg Reger, Managing Director of ABB Robotics Automotive Business Line. “By d..

Next Story
Infrastructure Transport

PJTL Lenders Approve Rs 10.20 billion One-Time Settlement

Lenders to the heavily indebted Panipat Jalandhar NH 1 Tollway (PJTL) have agreed to a one-time settlement for their Rs 34 billion dues. They accepted a Rs 10.20 billion all-cash offer from the promoters, the Canada-based Roadis Group and Hyderabad's Soma Enterprises, resulting in a 30% recovery, according to sources familiar with the deal. The account had been affected by farmers' agitation in the area for several years and was eventually declared a Non-Performing Asset (NPA). Several months ago, the National Asset Reconstruction Company (NARCL) had proposed to take over the debt, but the p..

Next Story
Infrastructure Urban

Capgemini to invest Rs 10 billion in new Chennai facility

Capgemini revealed plans to develop a new facility in Chennai, committing to invest approximately Rs 10 billion over the next three years. The IT and consulting services firm indicated that the 5,000-seat facility in Chennai is expected to be completed by April 2027. The campus will incorporate advanced energy and water-efficient technologies, utilize recycled materials, and implement rainwater harvesting during construction. Capgemini noted that the new facility is intended to become a prime destination for top-tier talent in southern India. It will be equipped with state-of-the-art IT in..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram