India’s growth story is entering an exciting phase. India’s economy is estimated to be the third largest economy in the world within this decade, and this country has now become an emerging manufacturing and industrial center, not only a consumption based market. The center of this change also has a rapid expansion of integrated infra, an ecosystem that will create a consistent platform for complete business solutions by adding together roads, railways, ports, airports, industrial parks, logistics and energy solutions. Let us also tell you what Aditi Kumar, Joint Director Managing Director of TVS ILP in media reports…
Importance of industrial corridor
In the ET report, Aditi Kumar says that the industrial corridor acts as a physical spinal cord of this change. The Delhi-Mumbai Industrial Corridor (DMIC), which is the most prominent, connects the production centers to the major ports through world-class expressways, freight lines and town-and-play features. Similar initiative in Bengaluru-Mumbai and Visakhapatnam-Chennai Corridor is forming a group of certain industries from automobiles to electronics, which is helping to adopt scale, efficiency and technology. Cities like Kochi, and Vizag-Chennai Industrial Corridor, are emerging as new centers of manufacturing, trade and logistics with smart city initiative and cochin port extension.
Increase in manufacturing
India is emerging as Asia’s largest manufacturing center, with large -scale development, policy reforms, commercial expansion and skilled workforce. Manufacturing growth in Tier-2 and Tier-3 cities is generating employment, reducing migration pressure on major metros and promoting balanced regional development. The increasing consumption in Tier-2 and Tier-3 cities is increasing the demand for integrated infra.
Government initiative and policy reforms also play an important role in improving integrated infra. Programs like Make in India, Production-Linked Incentive (PLI) schemes have promoted manufacturing in major sectors, while National Industrial Corridor Program (NICP), Smart City Mission, PM Speed Power Master Plan, Sagarmala, Udaan and Bharatmala Initiative MultiModle are creating a modern industrial and ich.
How is integrated infra helpful?
The benefits of integrated infra are spread far beyond the operational efficiency, as they indicate a prepared India for a future where scale and speed together set the country on the global platform. And its results are visible. Electronics, electric vehicles, semiconductors and major companies of renewable energy are setting up plants in India. As India aspires to become a central player in a $ 5 trillion-dollar economy and a global manufacturing value chain, integrated infra will remain the basis of this progress. By connecting the transport, warehouses with smart logistics, and advanced technology, integrated infra is creating an ecosystem network where industries can develop efficiently, can react quickly on demand and compete at global levels. It laid the foundation for becoming an industrial superpower of India.