Alkesh Sharma to be CEO of New Industrial Corridor Body

DMICDC to function as knowledge partner for all industrial corridors


New Delhi, Dec 27: Shri Alkesh Kumar Sharma, the CEO and Managing Director of the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC), will take additional charge as the Member Secretary and CEO of the new National Industrial Corridor Development & Implementation Trust (NICDIT), the apex body formed to oversee the development of all industrial corridors across the country.

The government has approved the re-designation of the existing Delhi Mumbai Industrial Corridor Project Implementation Trust Fund (DMIC-PITF Trust) as NICDIT, and expanding its mandate to include implementation of all the five proposed industrial corridors, which will together cover 15 states across the country.

The Delhi Mumbai Industrial Corridor, the first of the planned corridors, is already under development on ground. The Chennai-Bengaluru Industrial Corridor (CBIC), Bengaluru-Mumbai Economic Corridor (BMEC), Amritsar-Kolkata Industrial Corridor (AKIC) and the Vizag-Chennai Industrial Corridor (VCIC) are in various stages of planning.

"As an apex body, the NICDIT will help streamline activities and better coordination of the industrial corridor projects which are essential to our goal of becoming a global manufacturing hub," said Sharma. "These corridors are at the core of our country's development agenda, and the future drivers of economy; our efforts will be geared towards accelerated and smooth implementation of the projects."

The DMICDC, which is currently developing the western corridor, will serve as the Knowledge Partner (KP) to the NICDIT for all the industrial corridors until the KPs for them are in place.

The NICDIT has also been sanctioned an additional Rs 1,584 crore besides the balance available from Rs. 18,500 crore already sanctioned to the DMIC-PITF for project activities.

The five Industrial corridors presently cover the States, namely, Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand, West Bengal, Madhya Pradesh, Rajasthan, Gujarat, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu.

An Apex Monitoring Authority under the chairpersonship of the Finance Minister has been constituted to periodically review the activities of NICDIT and progress of the projects. It will consist of the Minister-in-charge of the Ministry of Commerce & Industry, Minister of Railways, Minister of Road Transport & Highways, Minister of Shipping, Vice-Chairman of NITI Aayog and Chief Ministers of the States concerned as Members.

 The Board of Trustees of NICDIT will be chaired by the Secretary, Department of Industrial Policy and Promotion and will include Secretary, Department of Expenditure, Secretary, Department of Economic Affairs, Secretary, Road Transport & Highways, (Secretary, Shipping , Chairman, Railway Board and CEO, NITI Aayog, as members.

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