- 21 Nov 2019
- 3 min read
Why in News
Government has approved the development of the five industrial corridor projects which will be implemented through National Industrial Corridor Development and Implementation Trust (NICDIT).
- NICDIT is an apex body under the administrative control of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry for coordinated and unified development of the 5 Industrial Corridors in India.
- In 2017, Delhi Mumbai Industrial Corridor Project Implementation Trust Fund (DMIC-PITF) was re-designated as National Industrial Corridor Development and Implementation Trust (NICDIT).
- NICDIT supports project development activities and appraisal, approval and sanction of projects. It also coordinates and monitors all central efforts for the development of Industrial Corridor projects.
The Five Industrial Corridors
|1.||Delhi Mumbai Industrial Corridor (DMIC)||Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat, Maharashtra|
|2.||Amritsar Kolkata Industrial Corridor (AKIC)||Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand, West Bengal|
|3.||Chennai Bengaluru Industrial Corridor (CBIC)||Andhra Pradesh, Karnataka, Tamil Nadu, Kerala|
|4.||East Coast Economic Corridor (ECEC) with Vizag Chennai Industrial Corridor (VCIC) as Phase-1||West Bengal, Odisha, Andhra Pradesh, Tamil Nadu|
|5.||Bengaluru Mumbai Industrial Corridor (BMIC)||Karnataka, Maharashtra|
- Industrial corridors offer effective integration between industry and infrastructure, leading to overall economic and social development. Industrial corridors constitute:
- High-speed transportation network – rail and road
- Ports with state-of-the-art cargo handling equipment
- Modern airports
- Special economic regions/industrial areas
- Logistic parks/transhipment hubs
- Knowledge parks focused on catering to industrial needs
- Complementary infrastructure such as townships/real estate
- Other urban infrastructure along with enabling policy framework
- The 5 industrial corridors are spread across India, with a strategic focus on inclusive development to boost industrialization and planned urbanization.
- Manufacturing is a key economic driver in each of these projects. Industrial Corridors are expected to play a critical role in raising the share of contribution of the manufacturing sector from approximately 16%2 to 25% by 2025.
- Smart cities are being developed along these corridors. These cities, with state-of-the-art infrastructure, will house the new workforce that is required to power manufacturing, in turn leading to planned urbanization.