Rajya Sabha updated on Rs.28,602cr infra development
The Government has approved 12 new industrial smart city projects on 28 August 2024 with a total project cost of Rs.28,602 crore (including land cost) for development of trunk infrastructure packages, the Minister of Commerce and Industry Piyush Goyal said in a written reply in the Rajya Sabha on 6 Dec 2024 https://www.conexpoconagg.com/.
As per the approved institutional & financial framework of Industrial Corridor Programme, State Govt provides land and Government of India through National Industrial Corridor Development and Implementation Trust (NICDIT) provides the equity for development of internal trunk infrastructure components https://www.globaltenders.com/.
The tentative construction timelines of trunk infrastructure are 36-48 months from the actual date of award of EPC contract, he told the house https://ted.europa.eu/en/.
Focus sectors are defined differently for different industrial smart cities. The process involves preparation of market demand assessment report for defining focus sectors. Some of the focus sectors are Heavy Engineering, Auto & Ancillaries, General manufacturing, Pharma & Bio Tech, Electronics Industries, IT& ITES, Agro, Food processing, Computer, Electronic & Optical Products, Aerospace, Rubbers & Plastic, Fabricated Metal Products, R&D, ICT, Electronics Industries, Fabrications (semiconductors), Nanotechnology & Opto electronics https://www.bseindia.com/.
The details of projects under National Industrial Corridor Programme at various stages are:
- DMIC: Delhi Mumbai Industrial Corridor
Dholera Special Investment Region (DSIR), Gujarat
Projects with trunk infrastructure completed
Shendra Bidkin Industrial Area (SBIA), Maharashtra
Integrated Industrial Township – Greater Noida (IIT-GN), Uttar Pradesh
Integrated Industrial Township – Vikram Udyogpuri (IIT-VUL), Madhya Pradesh
Integrated Multi-Modal Logistics Hub – Nangal Chaudhary, Haryana
Projects under development
Multi Modal Logistics Hub & Multi Modal Transport Hub (MMLH & MMTH), Uttar Pradesh
Dighi Port Industrial Area, Maharashtra
Projects recently approved by GoI on 28th Aug, 2024
Jodhpur Pali Marwar Industrial Area, Rajasthan
- CBIC: Chennai Bengaluru Industrial Corridor
Krishnapatnam Industrial Area, Andhra Pradesh
Projects under development
Tumakuru Industrial Area, Karnataka
- Extension of CBIC to Kochi via Coimbatore
Palakkad Industrial Area, Kerala
Projects recently approved by GoI on 28th Aug, 2024
- AKIC: Amritsar Kolkata Industrial Corridor
IMC Khurpia Farm, Uttarakhand
IMC Rajpura Patiala, Punjab
IMC Hisar, Haryana
IMC Agra, Uttar Pradesh
IMC Prayagraj, Uttar Pradesh
IMC Gaya, Bihar
- HNIC: Hyderabad Nagpur Industrial Corridor
Zaheerabad Phase-1, Telangana
- HBIC: Hyderabad Bengaluru Industrial Corridor
Orvakal Industrial Area, Andhra Pradesh
- VCIC: Vizag Chennai Industrial Corridor
Koparthy Industrial Area, Andhra Pradesh
Each industrial city, area, node under National Industrial Corridor Development Program is managed by a Special Purpose Vehicle (SPV) https://www.nseindia.com/.
SPV may have suitable representation from private sector wherever the State Government decides to involve the private sector. It is also authorized to leverage innovative infrastructure funding and delivery tools such as user fee funding, pricing innovations, and delivery through various PPP arrangements for development of industrial smart cities. The State Government, as deemed appropriate, may also seek bi-lateral and multi-lateral funding for this purpose https://sbi.com.in/ . Fiinews.com
