• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

NICDC & FITT-IITD sign MoU to develop industrial smart cities in India

27 Feb '24
2 min read
MoU signing ceremony. Pic: NICDC / X (formerly Twitter)
MoU signing ceremony. Pic: NICDC / X (formerly Twitter)

Insights

  • NICDC and FITT-IITD have signed an MoU to develop greenfield industrial smart cities in India, leveraging PM GatiShakti's framework.
  • This collaboration aims to bolster India's global manufacturing ambitions by using advanced technology and research for optimal location identification.
  • Key factors like business ease will guide sustainable urban planning.
In a significant step towards advancing India's industrial infrastructure, the National Industrial Corridor Development Corporation Limited (NICDC) and the Foundation for Innovation and Technology Transfer at the Indian Institute of Technology, Delhi (FITT-IITD) have entered into a Memorandum of Understanding (MoU). The agreement, signed at Vanijya Bhawan, aims to identify optimal locations for the development of greenfield industrial smart cities across India, utilising the principles and framework of the PM GatiShakti initiative.

The collaboration is spearheaded by Rajesh Kumar Singh, secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry of commerce and industry, government of India. This partnership is set to leverage the advanced technology and research capabilities of both organisations to bolster India's ambition of becoming a global manufacturing hub, ministry of commerce and industry said in a press release.

The MoU signing ceremony saw the participation of key figures, including colonel Naveen Gopal, COO of FITT, IIT Delhi, professor Nomesh Bolia, professor Sanjeev Deshmukh, Deepak Gautam, Pratik Badgujar, and officials from the NICDC. This union marks a pivotal move towards employing data-driven decision-making in sustainable, futuristic urban planning and development.

Under this partnership, FITT-IITD will utilise its technological expertise and research acumen to analyse various factors that influence the optimality of locations. This includes the ease of doing business, living costs, logistic costs, multi-modal connectivity, and the ease of living index, among others. The initiative aims to harness the spatial and analytical data tools provided by the PM GatiShakti, National Master Plan portal, to facilitate the development of industrial smart cities that are both innovative and sustainable.

"By leveraging advanced technologies and research expertise, we aim to identify locations conducive to industrial development, thereby attracting investments, promoting local commerce and generating employment opportunities," said Rajat Kumar Saini, IAS, CEO and MD of NICDC.

Fibre2Fashion News Desk (DP)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search