Rs 286 Bn investment in National Industrial Corridor Programme

02 Sep 2024 CW Team

The strategy's core involves the development of integrated industrial corridors, which are designed to boost growth in the manufacturing sector and encourage systematic urbanization. These corridors, supported by strong multi-modal connectivity and developed in partnership with state governments, are anticipated to drive employment opportunities, economic growth, and broader socio-economic development nationwide.

The programme began with the launch of the Delhi-Mumbai Industrial Corridor (DMIC). The Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) Ltd was established on 7th January 2008 as a Special Purpose Vehicle (SPV) under the administrative control of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, with the primary mission of overseeing project development activities and coordinating the implementation of various initiatives under the DMIC.

It was reported that in December 2016, the DMIC Trust's scope was broadened, leading to its reconstitution as the National Industrial Corridor Development and Implementation Trust (NICDIT). Consequently, in February 2020, DMICDC Ltd. was renamed the National Industrial Corridor Development Corporation (NICDC) Limited, marking a significant milestone in India's flagship "National Industrial Corridor Programme," with NICDC being tasked with leading the development of multiple industrial corridor projects across the country.

NICDC's mandate includes overseeing project development activities for a wide range of initiatives, including investment regions, industrial areas, economic zones, industrial nodes, townships, integrated manufacturing clusters, and standalone or early-stage projects. It is also responsible for providing crucial support to various State Governments in these efforts.

Moreover, NICDC's role extends to comprehensive project development, which involves preparing master plans, feasibility reports, and detailed project reports. Additionally, it acts as a key intermediary in developing and establishing infrastructure projects, facilitating the creation and distribution of financial instruments, negotiating loans, and designing schemes for resource mobilization and credit extension for infrastructure development.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The National Industrial Corridor Development Programme has been described as India's most ambitious infrastructure initiative, aimed at shaping the future of urban and industrial development. The programme's objective is to establish new industrial cities as Smart Cities, where next-generation technologies are seamlessly integrated across various infrastructure sectors. By promoting the development of these advanced industrial hubs, the Indian Government is positioning the country to rival the world's top manufacturing and investment destinations. The strategy's core involves the development of integrated industrial corridors, which are designed to boost growth in the manufacturing sector and encourage systematic urbanization. These corridors, supported by strong multi-modal connectivity and developed in partnership with state governments, are anticipated to drive employment opportunities, economic growth, and broader socio-economic development nationwide. The programme began with the launch of the Delhi-Mumbai Industrial Corridor (DMIC). The Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) Ltd was established on 7th January 2008 as a Special Purpose Vehicle (SPV) under the administrative control of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, with the primary mission of overseeing project development activities and coordinating the implementation of various initiatives under the DMIC. It was reported that in December 2016, the DMIC Trust's scope was broadened, leading to its reconstitution as the National Industrial Corridor Development and Implementation Trust (NICDIT). Consequently, in February 2020, DMICDC Ltd. was renamed the National Industrial Corridor Development Corporation (NICDC) Limited, marking a significant milestone in India's flagship National Industrial Corridor Programme, with NICDC being tasked with leading the development of multiple industrial corridor projects across the country. NICDC's mandate includes overseeing project development activities for a wide range of initiatives, including investment regions, industrial areas, economic zones, industrial nodes, townships, integrated manufacturing clusters, and standalone or early-stage projects. It is also responsible for providing crucial support to various State Governments in these efforts. Moreover, NICDC's role extends to comprehensive project development, which involves preparing master plans, feasibility reports, and detailed project reports. Additionally, it acts as a key intermediary in developing and establishing infrastructure projects, facilitating the creation and distribution of financial instruments, negotiating loans, and designing schemes for resource mobilization and credit extension for infrastructure development.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..