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National Industrial Corridor Development Corporation (NICDC)
Context:
NICDC signed agreements with Haryana Government for developing an Integrated Manufacturing Cluster (IMC) at Hisar under the Amritsar-Kolkata Industrial Corridor (AKIC).
National Industrial Corridor Development Corporation (NICDC)
- Establishment & Structure: NICDC is a Special Purpose Vehicle (SPV) under the Ministry of Commerce & Industry. It is structured as a joint venture between the Government of India (through DPIIT) and financial institutions, with equity participation from government and institutions like DMIC Trust.
- Mandate: Its primary mandate is to plan and develop new industrial cities integrated with smart urban infrastructure and to promote next-generation industrial ecosystems.
- Industrial Corridors: NICDC is implementing 11 industrial corridors across India (e.g., Delhi–Mumbai, Amritsar–Kolkata, Bengaluru–Mumbai, Vizag–Chennai, Chennai–Bengaluru, East Coast Economic Corridor, etc.), covering multiple states for balanced regional development.
- Smart City Integration: The corridors emphasize ICT-enabled infrastructure, logistics hubs, transport connectivity, sustainable energy, and urban planning, ensuring cities grow as smart industrial clusters.
- Economic Significance:
- Aims to boost manufacturing share in GDP, aligned with Make in India.
- Focus on ease of doing business through plug-and-play facilities.
- Enhances India’s position in global value chains.
- Job Creation & Urbanization: Expected to generate millions of jobs, reduce regional disparities, and facilitate planned urbanization by linking cities with modern industrial townships.
- Sustainability Focus: The corridors adopt green energy integration, renewable power, waste management, and smart mobility solutions, promoting low-carbon industrial growth.
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