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What is National Industrial Corridor Development and Implementation Trust?

28-08-2024

06:30 PM

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1 min read
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Overview:

Recently, the Cabinet Committee on Economic Affairs chaired by the Prime Minister has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs. 28,602 crore.

About National Industrial Corridor Development Programme: 

  • It is India's most ambitious infrastructure programme aiming to develop new industrial cities as "Smart Cities" and converging next generation technologies across infrastructure sectors.
  • The NICDP aims to facilitate investments from both large anchor industries and Micro, Small, and Medium Enterprises (MSMEs), serving as catalysts to achieve the government's ambitious goal of $2 trillion in exports by 2030.
  • Under this programme the newly sanctioned industrial areas are
    • Khurpia in Uttarakhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerala, Agra and Prayagraj in Uttar Pradesh, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in Andhra Pradesh, and Jodhpur-Pali in Rajasthan.
    • These sites will soon host state-of-the-art industrial smart cities, each designed to foster a vibrant industrial ecosystem. The proposed industrial nodes would focus on creating regional manufacturing hubs across the country.
    • The development of these industrial cities is envisioned as greenfield smart cities built to global standards, embodying the 'plug-n-play' and 'walk-to-work' concepts.
    • This innovative approach ensures that the cities will be equipped with advanced infrastructure designed to support sustainable and efficient industrial operations.
    • The projects are closely aligned with the PM GatiShakti National Master Plan, which focuses on integrated and seamless multi-modal connectivity.

Q1: What is National Industrial Corridor Development and Implementation Trust (NICDIT)?

The NICDIT is the implementing agency of the National Industrial Corridor Programme. The Government of India is developing various Industrial Corridor Projects as part of the National Industrial Corridor Programme.

Source: Cabinet approves 12 Industrial nodes/cities under National Industrial Corridor Development Programme