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        PMLA, Black Money & ED

        Eight projects under National Industrial Corridor Development and Implementation Trust (NICDIT) sanctioned and approved by Government

        February 8, 2023

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        Eight (8) projects under National Industrial Corridor Development and Implementation Trust (NICDIT) have been sanctioned and approved by Government. Out of eight Projects for four projects, namely, Dholera Special Investment Region in Gujarat, Shendra Bidkin Industrial Area in Maharashtra, Integrated Industrial Township in Greater Noida, Uttar Pradesh & Integrated Industrial Township – Vikram Udyogpuri in Madhya Pradesh, the major trunk infrastructure works have been completed, the Minister of State for Commerce and Industry, Shri Som Parkash said in reply to a parliamentary question today.

        The land allotment has started to industries and other users through the Special Purpose Vehicles (SPVs) formed with respective State Governments. A Total of 229 plots measuring nearly 1,601 acres have been allotted to companies with an investment of more than Rs. 18,691 crore in these 04 greenfield smart industrial regions/nodes/areas. Apart from the above-allotted plots, approx. 4,900 acres of developed land parcels are available for immediate allotment across multiple uses.

        The other 04 approved projects are in various stages of implementation/development. The status of these projects is given as below:

        Tumakuru Node in Karnataka under Chennai Bengaluru Industrial Corridor (CBIC) – EPC contractor for the construction of trunk infrastructure has been appointed. Detailed master planning and preliminary engineering activities for an area of 1,736 acres as an activation area have been completed. Environment Clearance has been obtained. State Govt. has transferred 1668.30-acre land to the SPV of the project. The Hon’ble Prime Minister laid the foundation stone on February 06, 2023.

        Krishnapatnam Node in Andhra Pradesh under CBIC – Detailed Master Planning and Preliminary Design & Engineering of the total project area of 12,798 Acre has been completed, out of which an area of 2,500 Acres has been identified as Phase-1 area. The State Govt. has transferred 2139.15 acres to the project SPV. Environment Clearance has been obtained.

        Integrated Multi Modal Logistics Hub at Nangal Chaudhary in Haryana under Delhi Mumbai Industrial Corridor (DMIC) – Works related to water, power, and roads are almost completed. Rail connectivity works approved by DFCCIL have been started.

        Multi-Modal Logistics/Transport Hub at Dadri in Uttar Pradesh under DMIC– 227.48 Ha land has been transferred to the SPV of the project. Project development activities like preparation and approval of Detailed Project Reports (DPR) have been started.

         The details of fund allocated to these projects is given below:

        Sl.No.

         Corridor

         Name of Projects sanctioned

        Funds released to SPVs (in Rs. crore) upto 31.01.2023

         

         

         

         

         

         

         

         

        1.

         

         

         

         

         

         

        DMIC: Delhi Mumbai Industrial Corridor

        Dholera Special Investment Region (DSIR), Gujarat

        Equity – 2784.83

        Shendra Bidkin Industrial Area (SBIA),Maharashtra

        Equity – 3000.00

        Integrated Industrial Township – Greater Noida (IIT-GN), Uttar Pradesh

        Equity – 617.20

        Integrated Industrial Township – Vikram Udyogpuri (IIT-VUL),

        Madhya Pradesh

        Equity – 55.93

        Debt – 260.54

        Integrated Multi-Modal Logistics

        Hub – Nangal Chaudhary, Haryana

        Equity – 208.05

        Debt – 100.00

        Multi Modal Logistics Hub & Multi

        Modal Transport Hub (MMLH & MMTH), Uttar Pradesh

        Equity – 853.05

        2.

        CBIC, Chennai Bengaluru Industrial Corridor

        Krishnapatnam Industrial Area,

        Andhra Pradesh

        Equity – 533.86

        Tumakuru Industrial Area, Karnataka

        Equity – 586.74

        ***

        AD/MS/KP

        Industrial corridor project sanctions lead to SPV funding, land allotment, and advanced infrastructure development across multiple nodes. Government sanctioned eight projects under NICDIT, allocated equity and debt funds to project SPVs, completed major trunk infrastructure and land allotment in four greenfield industrial regions, and advanced planning, environmental clearance, land transfers, and infrastructure works for four additional nodes across DMIC and CBIC corridors.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Industrial corridor project sanctions lead to SPV funding, land allotment, and advanced infrastructure development across multiple nodes.

                                Government sanctioned eight projects under NICDIT, allocated equity and debt funds to project SPVs, completed major trunk infrastructure and land allotment in four greenfield industrial regions, and advanced planning, environmental clearance, land transfers, and infrastructure works for four additional nodes across DMIC and CBIC corridors.





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                                ActsIncome Tax
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