India, Aug. 4 -- The Government of India is developing industrial townships under the National Industrial Corridor Development Programme (NICDP) through a Centre-State partnership model, with projects being implemented by Special Purpose Vehicles (SPVs) jointly formed with state governments.
So far, the government has approved 20 industrial nodes, including 12 projects cleared over the last five years. Under the programme, state governments provide land, while the Centre supports projects through equity and debt funding.
The Department for Promotion of Industry and Internal Trade (DPIIT) has sanctioned and released Rs 16,172.95 crore to the National Industrial Corridor Development and Implementation Trust (NICDIT). Of this, Rs 14,569.97 c...