• The Government of India and Asian Development Bank (ADB) on 15th December 2023 signed a $250 million policy-based loan that will continue support to industrial corridor development to make manufacturing more competitive, strengthen national supply chains and links with regional and global value chains, and create more and better jobs.
  • This loan builds on the $250 million Sub Programme 1 loan approved by ADB in October 2021 that helped strengthen policy frameworks for the Government of India’s National Industrial Corridor Development Programme (NICDP) and develop 11 industrial corridors.

Apex Monitoring Authority

  • Government of India constituted Apex Authority in August 2007 and re-constituted it in December 2016 with Finance Minister as Chairperson, Minister-in-charge, Ministry of Commerce and Industry, Minister of Railways, Minister of Road Transport & Highways, Minister of Ports, Shipping and Waterways, Vice-Chairman (NITI Aayog) and Chief Ministers of all NIC States as Members.

NICDC (formerly DMICDC)

  • A Special Purpose Vehicle, Delhi-Mumbai Industrial Corridor Development Corporation Limited (DMICDC), incorporated on 7th January 2008, as the project development agency for DMIC and knowledge partner for DMIC Trust. Further, after expansion of mandate for DMIC Trust in December 2016 and its reconstitution as NICDIT, the DMICDC has also been renamed as National Industrial Corridor Development Corporation Limited (NICDC) in February 2020.

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