India Development News & Foreign Investment Opportunities

Approved: Five Industrial Corridors Developments

Minister Goyal gives project update

0

Minister Goyal gives project update

 

SBI logo

 

Government of India has approved the development of five industrial corridor projects to be implemented through National Industrial Corridor Development and Implementation Trust (NICDIT).

This update was given by Commerce and Industry Minister Piyush Goyal in a written reply in the Lok Sabha (parliament) on 20 Nov 2019.

These are:

Delhi Mumbai Industrial Corridor (DMIC) – Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat, Maharashtra;

Amritsar Kolkata Industrial Corridor (AKIC)- Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand, West Bengal;

Chennai Bengaluru Industrial Corridor (CBIC) – Andhra Pradesh, Karnataka, Tamil Nadu, Kerala;

East Coast Economic Corridor (ECEC) with Vizag Chennai Industrial Corridor (VCIC) as Phase-1 – West Bengal, Odisha, Andhra Pradesh, Tamil Nadu;

Bengaluru Mumbai Industrial Corridor (BMIC) – Karnataka, Maharashtra.

Only one city ‘Tumakuru” has been identified in Karnataka for development as ‘node’ in Chennai-Bengaluru Industrial Corridor.

Since the projects are presently in development stage, completion date of these projects cannot be fixed.

Delhi Mumbai Industrial Corridor (DMIC): Special Purpose Vehicles (SPVs) for all identified nodes/cities have been incorporated, trunk infrastructure works are nearing completion and land disposal policies have been finalized.

The process of land allotment to investors has been initiated at the following locations:

Dholera Special Investment Region in Gujarat (22.5 sqkms);
Shendra-Bidkin Industrial Area in Maharashtra (18.55 sqkms);
Integrated Industrial Township Project at Greater Noida in Uttar Pradesh (747.5 acres);
Integrated Industrial Township Project ‘VikramUdyogpuri’ near Ujjain in Madhya Pradesh (1,100 acres).

A total of 67 plots have been allotted covering an area of 478.9 acres.

Amritsar Kolkata Industrial Corridor (AKIC): Perspective plan for the overall AKIC Corridor has been completed and one Integrated Manufacturing Cluster (IMC) site in following States has been finalized for further development.

These are:
Punjab (Rajpura-Patiala);
Uttarakhand (Prag-Khurpia Farms);
Uttar Pradesh (Bhaupur);
Bihar (Gamhariya);
Jharkhand (Barhi);
West Bengal (Raghunathpur);
Haryana (Saha).

The detailed master planning and Preliminary Engineering activities are underway for IMC site at West Bengal (Raghunathpur).

Chennai Bengaluru Industrial Corridor (CBIC): Perspective plan for the overall corridor has been completed and following three nodes have been identified for further development.

These are:
Krishnapatnam (Andhra Pradesh);
Tumakuru (Karnataka);
Ponneri (Tamil Nadu);

A SPV for execution of the project at Krishnapatnam node in Andhra Pradesh has been incorporated.

Detailed master planning and Preliminary Engineering activities for the Activation Area (2,500 acres) have been finalized and NICDIT in its meeting held on 30 August 2019 considered the project proposal and recommended the same for seeking final approval from Cabinet Committee on Economic Affairs (CCEA).

A SPV for execution of the project at Tumakuru node in Karnataka has been incorporated.

Detailed master planning and Preliminary Engineering activities for the Activation Area (1736 acres) have been finalized and NICDIT in its meeting held on 30th August 2019 considered the project proposal and recommended the same for seeking final approval from CCEA.

For Ponneri node in Tamil Nadu, NICDIT in its meeting held on 30 August 2019 has accorded its approval on Shareholder’s Agreement (SHA) and State Support Agreement (SSA).

Further, NICDIT in its meeting held on 30 August 2019 has accorded its approval for extension of Chennai Bengaluru Industrial Corridor (CBIC) to Kochi and Coimbatore and inclusion of IMC sites identified in the State of Kerala & Tamil Nadu.

Vizag Chennai Industrial Corridor (VCIC): Government of Andhra Pradesh (GoAP) is implementing the VCIC project with ADB loan of US$631 million.

Asian Development Bank (ADB) has carried out the initial project development activities for VCIC. ADB has identified four nodes namely, Visakhapatnam, Chittoor, Donakonda and Machilipatnam for development.

Amongst these, Visakhapatnam and Chittoor have been prioritized by the Government of Andhra Pradesh.

Following seven civil works contracts, to be met out of ADB financing, have been awarded and works are in progress.

The work in progress is:

Construction of 1 MLD Common effluent treatment plant, Naidupeta;
Augmentation of Industrial area, Naidupeta;
Bulk water supply & summer storage tank, Naidupeta;
Samaralakota –Rajanagaram Road;
Augmentation of Sub Stations in Visakhapatnam Node;
Augmentation of Sub Stations in Chittoor Node;
Water Supply distribution network improvement in GVMC area;
NICDIT in its meeting held on 30 August 2019 has accorded its approval for development of Vishakhapatnam and Chittoor as priority nodes in phase-1 of VCIC.

Bengaluru Mumbai Industrial Corridor (BMIC): Perspective plan has been completed for the overall BMEC Project and Dharwad node in Karnataka has been identified as the priority node for further implementation.

NICDIT in its meeting held on 23 August 2017 directed that project development works may not be undertaken for the time-being as it does not have any back-bone in terms of a Dedicated Freight Corridor and is quite distant from the coast. Besides, Government of Maharashtra has not been able to finalize the nodes due to problems of land and water. Fiinews.com

Leave A Reply

Your email address will not be published.