Industrial Policy and Industrial Growth

Economic Affairs

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Indian Economy - Understanding the basics of Indian economic system

Consider the following statements regarding industrial corridors in India:

1. Under the National Industrial Corridor Programme, the government has approved the development of 111 industrial corridors.

2. Tumakuru Industrial Township project is being built under Vizag-Chennai industrial corridor.

3. NITI Aayog oversees the unified development of all the industrial corridors.

Which of the statements given above is/are correct?

1 and 2 only

2 and 3 only

1 only

None

None

The National Industrial Corridor Development Programme (NICP) has been conceived to promote world-class manufacturing facilities and develop futuristic industrial cities in India. 11 Industrial Corridors are being developed under the programme.
On 6 Feb, 2023, Prime Minister, Shri Narendra Modi laid the foundation stone of South India's 1st Industrial Corridor Project to be implemented at Tumakuru which is spread over 8500 Acre of land under the Chennai Bengaluru Industrial Corridor.
NICDIT (National Industrial Corridor Development and Implementation Trust)is an apex body under the administrative control of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry for coordinated and unified development of the 5 Industrial Corridors in India