Commerce and industry minister Piyush Goyal will meet his Russian counterpart, Anton Alikhanov, on Thursday in New Delhi to deepen economic cooperation and boost bilateral trade between the two partners, which have set a $100 billion bilateral trade target by 2030.
Together, these projects cover approximately 19,878 hectares, with an estimated investment potential of around ₹ 5.35 lakh crore ($56.6 billion) and employment potential of nearly 1.4 million jobs, the statement said. So far, NICDC has allocated 469 industrial plots (in completed and upcoming projects) covering approximately 2,109 hectares, representing associated investment potential of around ₹ 2.21 lakh crore ($23.4 billion) and employment potential of approximately 129,000 persons, the statement said.
India’s state-run National Industrial Corridor Development Corporation Ltd (NICDC), which is also participating in the event, see an opportunity to engage directly with Russian companies, technology providers, investors and business delegations and showcase India’s industrial corridors as attractive destinations for long-term manufacturing investment, it said. NICDC’s engagement with 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, it said. 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, it said.
The four developed industrial smart cities are — Dholera Special Investment Region (Gujarat), Shendra-Bidkin Industrial Area (AURIC) in Maharashtra, Integrated Industrial Township Greater Noida (Uttar Pradesh) and Integrated Industrial Township Vikram Udyogpuri (Madhya Pradesh).
