National Industrial Corridor Development Programme
National Industrial Corridor Development Programme
Subject: Geography
Section: Economic Geography
Why in the news?
States will have to take ownership and responsibility to fast-track land allotments for projects under the National Industrial Corridor Development Corp. (NICDC), and if they fail to do so in a time-bound manner, the Centre will foreclose the project and offer it to other states, commerce and industry minister Piyush Goyal said during an investor round table on the National Industrial Corridor Development Programme.
About NICDP:
National Industrial Corridor Development Programme is India’s most ambitious infrastructure programme aiming to develop new industrial cities as “Smart Cities” and converging next generation technologies across infrastructure sectors.
It was approved in December 2020 to set up 32 projects in the 11 industrial corridors in four phases by 2026-27. It aims to develop 11 industrial corridors across 18 states with multimodal connectivity to promote domestic manufacturing.
Projects:
- Delhi-Mumbai Industrial Corridor (DMIC)
- Amritsar-Kolkata Industrial Corridor (AKIC)
- Chennai-Bengaluru Industrial Corridor (CBIC)
- Vizag-Chennai Industrial Corridor (VCIC)
- Bengaluru-Mumbai Industrial Corridor (BMIC)
- Odisha Economic Corridor (OEC)
- Hyderabad Nagpur Industrial Corridor (HNIC)
- Hyderabad Warangal Industrial Corridor (HWIC)
- Hyderabad Bengaluru Industrial Corridor (HBIC)
- Extension of CBIC to Kochi via Coimbatore
- Delhi Nagpur Industrial Corridor (DNIC)
Details:
Delhi Mumbai Industrial Corridor (DMIC)
The project aims to create smart, sustainable industrial cities by leveraging the high speed, high capacity connectivity backbone provided by the Western Dedicated Freight Corridor (DFC) to reduce logistic costs in an enabling policy framework. These new cities will come up in the States of Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra.
Chennai Bengaluru Industrial Corridor (CBIC)
It proposes to address infrastructure bottlenecks through a holistic approach while benefiting from the inherent strengths and competitiveness of each of the CBIC states. CBIC Region covers parts of three States, referred to as CBIC states, (viz. Tamil Nadu, Karnataka, Andhra Pradesh).
Amritsar Kolkata Industrial Corridor (AKIC)
Amritsar-Kolkata Industrial Corridor (AKIC) is being developed along the alignment of the Eastern Dedicated Freight Corridor (EDFC). AKIC will have an influence area across seven States of Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand and West Bengal.
East Coast Economic Corridorwith phase-1 as Vizag- Chennai Industrial Corridor (VCIC)
East Coast Economic Corridor linking Kolkata- Chennai – Tuticorin has been envisaged with VCIC as phase-1 of the project.
Further, the Odisha Economic Corridor is also being developed as part of East Coast Economic Corridor.
Bengaluru Mumbai Industrial Corridor (BMIC)
The Government of India is also developing Bengaluru Mumbai Industrial corridor between Bengaluru and Mumbai, which would have an Influence Area spread across the states of Karnataka and Maharashtra.
Hyderabad Warangal and Hyderabad Nagpur Industrial Corridor:
The Government of India is also considering Hyderabad Warangal and Hyderabad Nagpur Industrial Corridors, which would have an Influence Area spread across the states of Telangana and Maharashtra.
Hyderabad Bengaluru Industrial Corridor (HBIC):
It will have an Influence Area spread across the states of Telangana, Andhra Pradesh and Karnataka. This corridor will act as an extension of Hyderabad Nagpur Industrial Corridor thereby connecting the central parts of the country with southern parts.
National Industrial Corridor Development Corporation (NICDC) is a Special Purpose Vehicle that envisages to establish, promote and facilitate development of the National Industrial Corridor Development Programme.
It was incorporated by the Government of India on 07 January 2008. It is classified as Non-govt company and is registered at Registrar of Companies, Delhi. Its authorized share capital is Rs. 1,000,000,000 and its paid up capital is Rs. 1,000,000,000.