NICDC, UPSIDA partner to develop key clusters in Agra and Prayagraj

National Industrial Corridor Development Corporation and Uttar Pradesh State Industrial Development Authority (UPSIDA) partners to underscore the Government of India’s commitment to fostering industrial growth and developing world-class infrastructure, starting with the Integrated Manufacturing Clusters (IMC) in Agra and Prayagraj.

By bolstering local manufacturing capabilities and attracting both domestic and international investments, the AKIC will strengthen the Make in India initiative, paving the way for a more self-reliant and globally competitive India.

These Integrated Manufacturing Clusters in Agra and Prayagraj are designed to become engines of industrial and economic growth under the Amritsar-Kolkata Industrial Corridor.

The development of these clusters will provide an enabling environment for businesses, boost employment opportunities, and enhance Uttar Pradesh's competitiveness as an industrial destination. Both clusters are set to attract local and global investors, further strengthening India's position as a global manufacturing hub.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : Karur Vysya Bank inaugurates 4 new branches today

The Integrated Manufacturing Cluster (IMC) in Agra is strategically located across 1,058 acres along the city's Inner Ring Road. This prime location ensures seamless connectivity to significant junctions, including Delhi NCR and the Agra-Lucknow Expressway, making it an ideal industrial hub.

With exceptional road connectivity, the cluster is expected to attract a wide range of industries, drawing interest from both local and international businesses. The project is anticipated to bring in over INR 3,400 crore in investments, boosting the region's industrial growth and economic development.

The Integrated Manufacturing Cluster (IMC) Prayagraj, spanning 352 acres, is set to emerge as a major industrial hub in the region. With projected investments of approximately INR 1,600 crore, the cluster is designed to focus on industries such as e-mobility, food processing, leather, garments, cycle manufacturing, and packaging.

By fostering growth across diverse sectors, IMC Prayagraj aims to drive economic expansion and promote sectoral diversification in Uttar Pradesh.

Read Also : Defense Stock, BEML surges over by 4.2%, here is price target for PSU stock

The agreements were officially signed by Shri Rajat Kumar Saini, CEO & MD, NICDC, and Shri Mayur Maheshwari, CEO, UPSIDA, establishing a robust framework for the development of these industrial clusters, which will serve as strategic hubs in Uttar Pradesh under the AKIC initiative.

Read Also : Indian Overseas Bank to receive Rs 1,359-crore income tax refund