Zaheerabad Node Gets Rs 24 Billion Boost Under HNIC
ECONOMY & POLICY

Zaheerabad Node Gets Rs 24 Billion Boost Under HNIC

The Zaheerabad Industrial Area (ZIA) is set to be developed as a priority node under the Hyderabad–Nagpur Industrial Corridor (HNIC) at an estimated cost of Rs 23.6 billion.
The Union government has approved its contribution via the National Industrial Corridor Development and Implementation Trust (NICDIT), comprising Rs 5.96 billion in equity and Rs 6.55 billion as debt, according to Union Minister of State for Commerce and Industry, Jitin Prasada. He was responding to a question raised by Member of Parliament Kadiyam Kavya.
Located in the Sangareddy district, the HNIC node spans an activation area of 3,245 acres. A dedicated special purpose vehicle, NICDIT Zaheerabad Industrial Smart City, has been set up for the project, and the tendering process for selecting the Project Management for New Cities (PMNC) has commenced.
Responding to further queries from Dr Kavya regarding the Hyderabad–Nagpur and Hyderabad–Warangal industrial corridors, the Minister stated that in August 2024, the Centre had given approval to the Telangana government’s proposal for the Zaheerabad node under the National Industrial Corridor Development Programme (NICDP).
As for the Hyderabad–Warangal Industrial Corridor (HWIC), Hyderabad Pharma City was initially identified for development. However, due to the State government's failure to confirm the project, the NICDIT Board of Trustees decided on 8 June 2022 to withdraw it.
Mr Prasada also noted that the Centre had granted final approval for two National Investment and Manufacturing Zones (NIMZs) in the region: one in Sangareddy (formerly Medak) on 22 January 2016, and another in Hyderabad Pharma City, Rangareddy district, on 10 December 2019.

The Zaheerabad Industrial Area (ZIA) is set to be developed as a priority node under the Hyderabad–Nagpur Industrial Corridor (HNIC) at an estimated cost of Rs 23.6 billion.The Union government has approved its contribution via the National Industrial Corridor Development and Implementation Trust (NICDIT), comprising Rs 5.96 billion in equity and Rs 6.55 billion as debt, according to Union Minister of State for Commerce and Industry, Jitin Prasada. He was responding to a question raised by Member of Parliament Kadiyam Kavya.Located in the Sangareddy district, the HNIC node spans an activation area of 3,245 acres. A dedicated special purpose vehicle, NICDIT Zaheerabad Industrial Smart City, has been set up for the project, and the tendering process for selecting the Project Management for New Cities (PMNC) has commenced.Responding to further queries from Dr Kavya regarding the Hyderabad–Nagpur and Hyderabad–Warangal industrial corridors, the Minister stated that in August 2024, the Centre had given approval to the Telangana government’s proposal for the Zaheerabad node under the National Industrial Corridor Development Programme (NICDP).As for the Hyderabad–Warangal Industrial Corridor (HWIC), Hyderabad Pharma City was initially identified for development. However, due to the State government's failure to confirm the project, the NICDIT Board of Trustees decided on 8 June 2022 to withdraw it.Mr Prasada also noted that the Centre had granted final approval for two National Investment and Manufacturing Zones (NIMZs) in the region: one in Sangareddy (formerly Medak) on 22 January 2016, and another in Hyderabad Pharma City, Rangareddy district, on 10 December 2019.

Next Story
Infrastructure Transport

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

Next Story
Infrastructure Urban

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

Next Story
Infrastructure Urban

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App