Which of the following is incorrect regarding National Industrial Corridor Development And Implemen...........

Economic and Social Issues industrial and labour policy

Which of the following is incorrect regarding National Industrial Corridor Development And Implementation Trust (NICDIT)?

Government of India has accorded approval for expanding the mandate of Delhi Mumbai Industrial Corridor Project Implementation Trust Fund (DMIC-PITF) and it has been re-designated it as National Industrial Corridor Development and Implementation Trust (NICDIT).

NICDIT will function under the administrative control of the Department of Economic Affairs.

NICDIT will take up new Industrial Corridors, Nodes, Early Bird Projects and Standalone Projects on the recommendation of State Governments.

It will develop the overall enabling institutional, funding and operational framework for the Industrial Corridors; support project development activities through a Knowledge Partner for the Industrial Corridors and agencies like SPVs and State Governments.

None of the options given above

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Explanation:

NICDIT will function under the administrative control of the Department of Industrial Policy and Promotion.NICDIT is an apex body under the administrative control of Department of Industrial Policy and Promotion (DIPP) for coordinated and unified development of the following industrial corridors:

i) Delhi Mumbai Industrial Corridor (DMIC)

ii) Chennai Bengaluru Industrial Corridor (CBIC)

iii) Amritsar Kolkata Industrial Corridor (AKIC)

iv) Bengaluru Mumbai Industrial Corridor (BMIC)

v) Vizag Chennai Industrial Corridor (VCIC).