Industrial cities Dholera, Gr.Noida, Aurangabad, Ujjain in land allotment stage: DPIIT
Four industrial corridor projects of the central government are in the land allotment stage, Rajesh Kumar Singh, secretary, Department for Promotion of Industry and Internal Trade (DPIIT) says. These projects are in Dholera, Greater Noida, Aurangabad and Ujjain, he adds.
The four projects are part of the Centre’s National Industrial Corridor Programme where 11 industrial corridors are being developed in a phased manner across the country. The projects that have reached the land allotment stage are Dholera Special Investment Region, Integrated Industrial Township Project, Greater Noida, Shendra-Bidkin Industrial Area in Aurangabad and Ujjain Integrated Industrial Township Project.
“Those are at the stage where the land allotments are going on. Some have reached fairly mature stages, while in some; only about a third of the industrial land has been allotted. But they are going through. Building cities takes time, but land is being allotted, and social infrastructure is being built," Singh says.
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The Centre in August 2023 said that as per the approved institutional and financial structure for the industrial corridors, the government of India, through the National Industrial Corridor Development & Implementation Trust (NICDIT), provides funds as equity or debt for the development of world-class trunk infrastructure in the industrial nodes or regions under industrial corridors and the states are responsible for making available contiguous and encumbrance free land parcels. “Out of the allocated funds up to July 31, 2023, DPIIT has sanctioned and released funds amounting to Rs. 9,899.89 crore for the Industrial Corridor Project, which has been utilized to the extent of Rs. 9,816.98 crore,” the Ministry of Commerce and Industry had disclosed in an answer to a query in Parliament.
The 11 approved projects are Delhi Mumbai Industrial Corridor (DMIC), Chennai Bengaluru Industrial Corridor (CBIC), Amritsar Kolkata Industrial Corridor (AKIC), East Coast Industrial Corridor (ECIC) with Vizag Chennai Industrial Corridor (VCIC), Bengaluru Mumbai Industrial Corridor (BMIC), Extension of CBIC to Kochi via Coimbatore, Hyderabad Nagpur Industrial Corridor (HNIC), Hyderabad Warangal Industrial Corridor (HWIC), Hyderabad Bengaluru Industrial Corridor (HBIC), Odisha Economic Corridor (OEC) and Delhi Nagpur Industrial Corridor (DNIC).
On December 15, 2023, the Government of India and the Asian Development Bank (ADB) signed a $250 million policy-based loan to continue support to industrial corridor development to make manufacturing more competitive, strengthen national supply chains and links with regional and global value chains, and create more and better jobs.