National Industrial Corridor Authority

To coordinate the development efforts of Industrial Corridors across the country

Background:

  • Finance Minister Jaitly announced the establishment of NICA in 20015-15 Budget speech

Features:

  1. Initial corpus fund of 100 crores
  2. To Bring the all the industrial corridors under the ambit of NICA on the lines of National Highway Authority of India
    1. DMIC- Delhi Mumbai Industrial corridor
    2. AKIC- Amrithsar Kolkata Industrial corridor
    3. CBIC- Chennai Bengalore Industrial corridor
    4. CVIC – Chennai Vishakapatnam Industrial Corridor
    5. BMIC- Benaglore Mumbai Industrial corridor
  3. It is aimed to bring the stability to the investors and multilateral agencies like JICA and JBIC  (which are supporting DMIC and CBIC) and Asian Development Bank

 

Note: DIPP- Department of Industrial Policy and Promotion is the nodal agency for all the industrial corridors

http://www.thehindu.com/business/Economy/central-government-may-increase-the-outlay-for-industrial-corridors/article8145590.ece

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