How Can Centre-State Partnerships Attract Investment and Industrialisation?
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Synopsis
At the recent 'Investors Roundtable Conference' in Bengaluru, the importance of strong Center-State partnerships was highlighted as vital for industrial growth and attracting international investment. This collaboration is key to realizing India's vision of 'Viksit Bharat @2047'.
Key Takeaways
- Centre-State partnerships are essential for industrial growth.
- The vision of 'Viksit Bharat @2047' aims to transform India's industrial landscape.
- Investment-ready industrial nodes are being developed in southern regions.
- Collaboration with MSMEs and startups is crucial for innovation.
- National initiatives are in place to support industrialisation.
New Delhi, Aug 3 (NationPress) At an ‘Investors Roundtable Conference’ in Bengaluru, the DPIIT Secretary informed industry stakeholders and state officials that strong Center-State collaborations are crucial for boosting industrialisation and attracting global investments.
The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia emphasized the progress of DPIIT-recognized startups, the backing of MSMEs, and the influence of deep-tech enterprises in shaping the future of industries.
In addition to enhancing Center-State cooperation for industrial advancement, the conference aimed to realize the vision of ‘Viksit Bharat @2047’ and highlight the potential of southern industrial hubs under the National Industrial Corridor Development Programme (NICDP), as per an official announcement.
These greenfield industrial hubs are equipped with modern infrastructure, digital governance, and investment-ready environments to support growth in sectors like electronics, automobiles, pharmaceuticals, clean-tech, food processing, and logistics. The industrial nodes include Tumakuru, Krishnapatnam, Kopparthy, Orvakal, Palakkad, and Zaheerabad.
The secretary engaged with senior officials from southern states and union territories to discuss accelerating the development of industrial nodes, aligning state policies with national goals, and addressing key implementation needs to expedite investments and infrastructure development, according to the official statement.
Industry leaders, MSMEs, and startups participated in state-specific discussions, explored opportunities, shared challenges, and considered how the NICDC’s smart industrial cities can function as platforms for advanced manufacturing and innovation, as indicated in the release.
Senior DPIIT officials also provided updates on national initiatives including Start-Up India, Business Reforms Action Plan (BRAP), National Single Window System (NSWS), Logistics Ease Across Different States (LEADS), and Invest India, which are facilitating reforms and bolstering investor confidence, according to the government.
The officials also interacted with startups and incubation leaders to gain insights into emerging innovations, challenges, and opportunities for policy support.
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Point of View
It is essential to recognize that fostering strong Centre-State collaborations is paramount for India's industrial future. This approach not only aligns with national objectives but also enhances regional development, ensuring that all stakeholders benefit from the growth narrative. The government's commitment to creating conducive policies will bolster investor confidence and drive innovation across the country.
NationPress
09/10/2025
Frequently Asked Questions
What is the significance of Centre-State partnerships?
Centre-State partnerships are vital for boosting industrialisation and attracting foreign investments, ensuring aligned policies and strategic growth.
What initiatives are driving investment in India?
Key initiatives like Start-Up India, Business Reforms Action Plan, and the National Single Window System are focused on facilitating reforms and enhancing investor confidence.
What sectors are targeted for growth in industrial nodes?
The industrial nodes are focusing on electronics, automobiles, pharmaceuticals, clean-tech, food processing, and logistics for sustainable growth.
