INDUSTRIAL CORRIDOR PROJECTS (Syllabus: GS Paper 3 - Infrastructure)

News-CRUX-10     12th August 2023        

Context: Government of India is developing eleven (11) Industrial Corridor Projects as part of the National Industrial Corridor Programme across the country in a phased manner, information has been provided by the Union Minister of State for Commerce and Industry in the Rajya Sabha.

  • As per the approved institutional and ?nancial structure for the industrial corridors, the Government of India, through National Industrial Corridor Development & Implementation Trust (NICDIT), provides funds as equity/debt for the development of world-class trunk infrastructure in the industrial nodes/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 31.07.2023, 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 corridors-wise status/proposed developmental activities of approved projects/ Nodes: