Why is it in the news?
Union Budget 2026–27 prioritised National Industrial Corridor Development Programme (NICDP).
Announced Integrated East Coast Industrial Corridor with node at Durgapur.
Category: Economy
Important Points:
● ₹3,000 crore allocated to NICDIT in Budget 2026–27
● Industrial corridors integrate roads, railways, ports and airports
● Promote plug-and-play infrastructure and logistics efficiency
● Phase-I cities attracted ₹2.02 lakh crore investments
● NICDP guided by PM GatiShakti National Master Plan
● Implemented by NICDC under DPIIT, Ministry of Commerce & Industry
● Covers 11 major industrial corridors (e.g., Delhi–Mumbai, Chennai–Bengaluru)
● 12 additional greenfield smart cities approved in 2024
● Focus on Low-Carbon Cities framework with renewable energy and recycling
● Aims to reduce logistics cost and integrate India into global value chains