National Industrial Corridor Development and Implementation Trust (NICDIT)

About NICDIT:

• The NICDIT is the implementing agency of the National Industrial Corridor Programme.
• The Government of India is developing various Industrial Corridor Projects as part of the National Industrial Corridor Programme.
• The Industrial Corridors are envisaged to be implemented by a Special Purpose Vehicle (SPV) in the form of a company set up under the Companies Act, 2013 as a joint venture between the central and the state governments.
• In 2016, the government approved the expansion of the scope of the existing DMIC-Project Implementation Trust Fund (PITF) and re-designated it as NICDIT.
• Nodal Ministry: Under the administrative control of the Department of Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.