The Centre has released INR 16,172.95 crore for the Industrial Corridor Development Scheme under which 20 industrial cities have been approved through the Centre-State partnership model across the country
NEW DELHI — The Centre has released INR 16,172.95 crore for the Industrial Corridor Development Scheme under which 20 industrial cities have been approved through the Centre-State partnership model across the country, the Parliament was informed on Tuesday.
The Centre has undertaken development of industrial townships under the National Industrial Corridor Development Programme (NICDP), through Special Purpose Vehicles (SPVs) formed jointly with state governments.
The project development activities include identification of industrial nodes as per the prioritisation of the state government, followed by preparation and approval of concept master plan and development plan, environmental clearance and detailed design plan by the state government, prior to consideration of the project for approval. The state government's contribution is in the form of land, and the Centre's contribution is in the form of equity and debt, Minister of State for Commerce and Industry Jitin Prasada said in a written reply to a question in the Lok Sabha.
Out of the 20 projects approved under the NICDP, four projects have been completed with world-class infrastructure while work has been fast-tracked in the 16 other ongoing projects. The total construction timeline for project completion is 36-48 months from the actual date of appointment of the EPC contractor, the minister said.
The internal trunk infrastructure, including roads, water supply, sewerage and power distribution within the industrial city, is executed through EPC contractors engaged by the respective project SPVs. External connectivity infrastructure such as bulk water supply, power, telecom and roads -- have been comprehensively mapped and examined on the PM Gati Shakti National Master Plan (NMP) portal and undertaken by concerned state SPVs in consultation with state departments and Central agencies, Prasada said.
The Centre’s Department for Promotion of Industry and Internal Trade (DPIIT) has released funds amounting to INR 16,172.95 crore to the National Industrial Corridor Development and Implementation Trust (NICDIT) for development of Industrial Corridor Projects. The NICDIT has further released funds to the extent of INR 14,569.97 crore to the project SPVs to carry out project development for various industrial nodes under the NICDP, the minister further stated.