She also suggested the shipping ministry to consider all seaports in the country and their connectivity with industrial corridors.
These proposals are part of the seven action points elaborated by the minister at the first meeting of the Apex Oversight Body for the National Industrial Corridor Development Programme.
“I would like NITI Aayog to map all these (industrial corridors, cargo corridors, defense corridors, manufacturing zones, textile parks, logistics parks, medical and pharmaceutical hubs). Map it all out and tell us where you see the possibility of bringing them under Prime Minister Gati Shakti,” she said.
“I think a lot of them are still lying loose and disconnected. Mapping will probably give a better idea of how they all come into this scheme of things,” she added.
The minister asked the Aayog to prepare a report by the end of October.
PM Gati Shakti is a digital platform that aims to promote integrated planning and coordinated implementation of infrastructure connectivity projects.
Niti Aayog, she said, should undertake a quick study as there are many activities going on and all of them have to come under the umbrella of the Prime Minister’s Gati Shakti programme.
The finance minister further suggested to her trade counterpart Piyush Goyal to undertake a review of the three industrial corridors of South India — Chennai Bengaluru Industrial Corridor, Bengaluru Mumbai Industrial Corridor and Vizag Chennai Industrial Corridor and their junctions.
“For some reasons… the three corridors coming from the south have not been dealt with in an elaborate manner,” Sitharaman added.
She also asked for a report on a section of the Amritsar Kolkata Industrial Corridor in Uttarakhand.
The minister suggested that the next meeting of the authorities be held by mid-November in order to review the progress.
The Government of India is developing various industrial corridor projects under the National Industrial Corridor Program which aims to develop greenfield industrial smart cities that can compete with the best manufacturing and investment destinations in the world.
The goals include expanding industrial production and increasing employment opportunities.
National Industrial Corridor Development Corporation (NICDC), formerly Delhi Mumbai Industrial Corridor Development Corporation (DMICDC), undertakes project development activities and acts as a facilitator for development and establishment of smart and self-sustainable industrial nodes.
For the implementation of projects, states identify and contribute land for the development of identified nodes. To attract investments in the global value chain, the provision of plug-and-play facilities is a prerequisite.
The Center has approved a financial and institutional structure with a budgetary support of Rs 17,500 crore for the development of industrial towns.
In December 2020, the government approved the development of 11 industrial corridors comprising 32 projects in four phases based on land availability, readiness and multimodal connectivity infrastructure.
The meeting was attended by Commerce and Industry Minister Piyush Goyal, Railway and Telecom Minister Ashwini Vaishnaw, Niti Aayog Vice Chairman Suman Bery, Chief Ministers of various states including Madhya Pradesh, Uttarakhand and Karnataka, besides state industry ministers and senior officials.