The National Industrial Corridor Development Corporation (NICDC) is a Special Purpose Vehicle (SPV) that aims to establish, promote, and facilitate the development of industrial corridors in India.
The National Industrial Corridor Development Programme is India's most ambitious infrastructure program, seeking to develop futuristic industrial cities that can compete with the best manufacturing and investment destinations worldwide.
The program's objectives include creating employment opportunities, promoting economic growth, and ensuring overall socio-economic development.
Some key features of NICDC include:
Greenfield smart industrial cities: NICDC's primary objective is to establish greenfield smart industrial cities equipped with modern infrastructure and facilities.
Multi-modal connectivity: The platform focuses on pioneering multi-modal connectivity, ensuring seamless transportation of goods and services across the industrial corridors.
Plug-n-play infrastructure at the plot level: NICDC provides future-proof underground infrastructure, making it easier for industries to set up operations.
Integrated approach: The program is planned with a holistic and integrated approach, in line with the principles of sustainable and resilient infrastructure.
Collaboration with state governments and private players: NICDC works closely with state governments and private players to develop industrial townships, such as Aurangabad Industrial City and Vikram Udyogpuri.
Review meetings and monitoring: NICDC conducts regular review meetings with its Special Purpose Vehicles (SPVs) to monitor the progress of infrastructure projects and ensure timely completion.
Marketing strategies: NICDC adopts marketing strategies to increase off-take and attract businesses to its industrial townships.
Ease of doing business: NICDC focuses on simplifying land allotment processes and facilitating collaboration with various departments and agencies to make it easier for businesses to operate in India.
Objective: The primary objective of NICDC is to create world-class infrastructure in the form of industrial corridors. These corridors are planned to integrate various regions and create a conducive environment for industrial development.
Industrial Corridors: NICDC is involved in the development of several industrial corridors across India. Some of the prominent ones include:
Delhi-Mumbai Industrial Corridor (DMIC): One of the largest infrastructure projects in India, DMIC aims to create a high-tech industrial zone spanning across the states of Delhi, Haryana, Uttar Pradesh, Rajasthan, Gujarat, and Maharashtra.
Amritsar-Kolkata Industrial Corridor (AKIC): This corridor is designed to connect the cities of Amritsar and Kolkata, fostering industrial development along the way.
Chennai-Bengaluru Industrial Corridor (CBIC): Focused on the southern region of India, CBIC aims to promote industrial growth and connectivity between Chennai and Bengaluru.
PPP Model: NICDC often engages in Public-Private Partnership (PPP) models to facilitate the development of infrastructure projects. This involves collaboration between the government and private entities to fund and execute projects.
The corporation plays a role in attracting domestic and foreign investments into these industrial corridors by creating an environment conducive to business and industrial growth.
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