New Delhi: The Amritsar-Kolkata Industrial Corridor (AKIC) project took a crucial step forward today with the signing of the State Support Agreement (SSA) and Shareholder Agreement (SHA) between the National Industrial Corridor Development Corporation (NICDC), the Government of Uttar Pradesh, and the Uttar Pradesh State Industrial Development Authority (UPSIDA). These agreements mark significant progress in India’s drive to foster industrial growth and develop world-class infrastructure, beginning with the Integrated Manufacturing Clusters (IMC) in Agra and Prayagraj. These clusters are poised to boost local manufacturing, attract both domestic and foreign investments, and support the Make in India initiative, contributing to a more self-reliant and globally competitive India.
Catalyst for Growth and Investment in Uttar Pradesh
The Agra and Prayagraj Integrated Manufacturing Clusters are designed as engines of economic growth, poised to attract investments, enhance industrial activity, and generate employment in Uttar Pradesh. With support from the AKIC, the clusters are expected to establish Uttar Pradesh as an attractive destination for both local and global manufacturers, further strengthening India’s role as a global manufacturing hub.
Key Highlights of the Projects
IMC Agra
The Agra Integrated Manufacturing Cluster spans 1,058 acres along the city’s Inner Ring Road. This strategic location ensures seamless connectivity to major industrial and transportation hubs, including Delhi NCR and the Agra-Lucknow Expressway, positioning it as a prime site for industrial development. The cluster is expected to attract diverse industries and secure over INR 3,400 crore in investments, contributing significantly to the region’s economic growth.
IMC Prayagraj
The Prayagraj Integrated Manufacturing Cluster, covering 352 acres, is designed to become a significant industrial hub in Uttar Pradesh. With a focus on industries like e-mobility, food processing, leather, garments, cycle manufacturing, and packaging, this cluster is set to attract approximately INR 1,600 crore in investments. By promoting growth across various sectors, IMC Prayagraj aims to drive economic expansion and foster industrial diversification in the state.
Signing Ceremony and Future Prospects
The agreements were officially signed by Rajat Kumar Saini, CEO & MD of NICDC, and Mayur Maheshwari, CEO of UPSIDA, laying a solid foundation for the development of these industrial clusters. These clusters are expected to serve as strategic hubs under the AKIC initiative, significantly advancing India’s industrial infrastructure and economic resilience.
The AKIC project exemplifies the Government of India’s commitment to creating high-potential industrial zones, setting the stage for sustainable growth and international competitiveness in Uttar Pradesh and beyond.