Insta
Cabinet Clears More Funds To The National Industrial Corridor
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The Union Cabinet on Wednesday cleared an additional Rs 1,584 crore to the re-designated National Industrial Corridor Development & Implementation Trust (NICDIT). The Cabinet also accepted the re-designation of the Delhi-Mumbai Industrial Corridor Project Implementation Trust Fund as National Industrial Corridor Development and Implementation Trust with permission to utilise financial aid sanctioned earlier.
The government has decided to develop five industrial corridors across the country in partnership with state governments to accelerate the growth in manufacturing and planned urbanisation. These are the Delhi-Mumbai Industrial Corridor (DMIC), Chennai-Bengaluru Industrial Corridor, Amritsar-Kolkata Industrial Corridor, Bengaluru-Mumbai Economic Corridor and Vizag-Chennai Industrial Corridor.
The corridors cover Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand, West Bengal, Madhya Pradesh, Rajasthan, Gujarat, Maharashtra, Karnataka, Andhra Pradesh and Tamil Nadu. The authority will also have the Ministers of Commerce & Industry, Railways, Road Transport & Highways, Shipping, policy think tank NITI Aayog Chairman and Chief Ministers of the states concerned as its members.
The Board of Trustees will be DIPP secretary as its chairman and secretaries of Expenditure, Economic Affairs, Road Transport & Highways, Shipping, Railway Board Chairman, Niti Aayog Chief Executive and Member Secretary.
With IANS Inputs
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