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Tenders: Rs.1,339cr IMC Gaya development process started

Fiinews by Fiinews
November 14, 2024
in Tenders
Reading Time: 3 mins read
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The signed agreements for IMC Gaya development.

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Three greenfield road projects have been proposed IMC Gaya’s accessibility

Development process has been started for a Rs.1,339 crore Integrated Manufacturing Cluster (IMC) in Gaya, a node under the Amritsar-Kolkata Industrial Corridor (AKIC) and some 39-km south of Gaya International Airport in Bihar https://www.conexpoconagg.com/.

IMC Gaya, will cover 1,670 acres with a projected investment potential of R.16,524 crore, said the Ministry of Commerce and Industry https://www.globaltenders.com/.

National Industrial Corridor Development Corporation (NICDC), the Government of Bihar and the Bihar Industrial Area Development Authority (BIADA) have signed the State Support Agreement (SSA) and Shareholder Agreement (SHA) on 12 Nov for the development of IMC Gaya https://ted.europa.eu/en/.

IMC Gaya will be strategically developed to attract industries across multiple sectors, including building materials, agri-food processing, leather goods, readymade garments, furniture, handloom and handicrafts, engineering & fabrications and medical equipment https://www.bseindia.com/.

The strategic location of IMC Gaya offers excellent connectivity and access to key transportation hubs as NH-19 (Golden Quadrilateral) is just 10 km away, while NH-22 is 2 km away, proximity to Gaya Junction (40 km) and the upcoming New Paharpur Railway Station under EDFC (45 km) makes access to rail easier https://www.nseindia.com/.

Besides proximity to Gaya International Airport, IMC Gaya is also in the range of Patna International Airport (135 km), and Ranchi Airport (150 km) with access to ports and terminals like Haldia Port in Kolkata (550 km), and Inland Waterways Authority of India (IWAI) terminals at Gaighat, Patna (145 km), and Ramnagar, Varanasi (210 km) https://sbi.com.in/.

Three greenfield road projects have been proposed to further strengthen IMC Gaya’s accessibility. This robust connectivity, including the Golden Quadrilateral and multi-track railway lines, is set to enhance the logistical efficiency for industries in IMC Gaya, making it an attractive hub for domestic and international businesses https://www.commerce.gov.in/.

The cluster will include extensive infrastructure like a 29.89 km internal road network, 220/33 KV and 33/11 KV electrical substations, 162 MVA assured power supply, and a 19 MLD water supply system along with a skill development center, fire station, administrative office, parking, and commercial space to support industrial operations and workforce needs.

The cluster will also have ‘Plug n Play’ infrastructure facilities like Common Effluent Treatment Plant, Sewage Treatment Plant, Water Treatment Plant, Solid Waste Management, Stormwater drainage, and green landscaping to ensure environmental compliance.

The signing of the SSA and SHA agreements was attended by key officials, including Nitish Mishra, Minister, Department of Industries, Bihar, Bandana Preyashi, IAS, Secretary, Dept of Industries, Bihar, Alok Ranjan Ghosh, Director, Dept. of Industries, Bihar, Kundan Kumar, Managing Director, BIADA and Rajat Kumar Saini, CEO & MD, NICDC marks a pivotal moment in Bihar’s industrial landscape.

The IMC Gaya is expected to catalyze economic growth, create vast employment opportunities, and establish Bihar as a vital industrial hub in Eastern India, further strengthening the ‘Make in India’ vision, said the Ministry. Fiinews.com

Tags: Ministry of Commerce and Industry
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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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