The Union Cabinet is expected to take a decision tomorrow on the setting up of National Industrial Corridor Development Authority (NICDA) to facilitate development of industrial corridors in the country.
The government is building industrial corridors across India to boost manufacturing and project India as a global hub.
NICDA would carry out project development activities, appraise and sanction projects, implement and coordinate all central efforts for industrial corridor development.
The Department of Industrial Policy and Promotion has mooted the proposal and the Cabinet may take it up tomorrow, sources said.
The government has conceptualised five economic corridors - Delhi-Mumbai Industrial Corridor (DMIC), Bengaluru-Mumbai Economic Corridor (BMEC), Chennai-Bengaluru Industrial Corridor (CBIC), Visakhapatnam-Chennai Industrial Corridor (VCIC) and Amritsar-Kolkata Industrial Corridor (AKIC).
All these are at different stages of implementation.
Various trunk infrastructure projects like development of roads, drainage, sewage, potable water, water treatment and sewage treatment plant are being developed under DMIC.
DMIC covers six states - Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra. BMEC under its ambit has Karnataka and Maharashtra while CBIC includes Tamil Nadu, Karnataka and Andhra Pradesh.
