Latest news with #NICDIT
NDTV
15-05-2025
- Business
- NDTV
Greater Noida To Get New Huge Railway Station Similar To New Delhi. Details Here
A world class railway station, with an advanced look and expanded space, is set to open at Bodaki in Greater Noida. Officially named Greater Noida Terminal, the station is being designed as NCR's gateway to the eastern part of the country. The officials claim it could be one of North India's most modern hubs and will be able to handle 100 trains, including Vande Bharat and other premium expresses, as per reports. Also Read: Why Road Trips Exhaust You More Than Train Rides Within a 176-hectare multimodal transportation hub, the terminal will span 46 hectares and include 12 platforms and 63-yard lines for extensive repair activities. The station's ground floor will reportedly be used for train operations and other associated tasks, while the upper stories will house commercial spaces, resulting in a mixed-use building. Connectivity between eastern India and Delhi-NCR would be facilitated by the news station, which is less than an hour's drive from the soon-to-be Noida International airport, reports added. Greater Noida Terminal will serve as a hub for commuters from Noida, Greater Noida, and other cities in the National Capital Region. The train station will be a component of the transportation hub, which will also include a local bus terminal, an interstate bus stop, and a metro corridor connecting Depot Station and Bodaki. The project's scope has changed substantially since its inception due to several design modifications. Officials stated that the budget, which was initially approved at Rs 1,850 crore, is expected to double with these improved capabilities. The master plan is being crafted by DMIC-IITGNL, a special purpose vehicle (SPV) jointly developed by NICDIT (Centre) and Greater Noida Industrial Development Authority (GNIDA), each of which owns a 50% stake. According to officials, SPV would submit the blueprint for state government approval. The SPV will manage the project's funding and develop supporting amenities, including bus stops and utilities, while Indian Railways will supervise the construction of the station and other related infrastructure. When it opens, the Greater Noida Terminal will take in eastbound passenger traffic from Noida, Greater Noida, Ghaziabad, and other NCR areas, greatly relieving congestion at Delhi's current transit points, especially Anand Vihar. Once the master plan gets approved, the project is expected to be completed in three years, said officials.
Time of India
13-05-2025
- Business
- Time of India
Kochi-Bangalore Industrial Corridor Gathers Steam: Palakkad Node Gets Green
Shri. P. Rajeev, Minister for Industries, Govt. of Kerala The Government of India's ambitious plan to develop world-class industrial hubs under the National Industrial Corridor Programme has reached a major milestone in Kerala. The Kochi-Bangalore Industrial Corridor (KBIC), envisioned as an extension of the Chennai-Bangalore Industrial Corridor, is now taking shape with significant progress in the Palakkad node—one of two major nodes planned under the project. The KBIC is being implemented under the aegis of the National Industrial Corridor Development and Implementation Trust (NICDIT) and aims to transform the industrial landscape of southern India. It will position India as a competitive global manufacturing and investment destination, on par with international industrial giants. KICDC Takes the Helm The Kerala Industrial Corridor Development Corporation Limited (KICDC)—a 50:50 joint venture between NICDIT (representing the Centre) and KINFRA (representing the State)—was incorporated on April 21, 2021, to execute the KBIC project. The formal State Support and Shareholder Agreements were inked on October 22, 2020. Palakkad Node: Key Industrial Hub in the Making The Palakkad node, formally called the Integrated Manufacturing Cluster (IMC) Palakkad, will span 1,710 acres across three land parcels: Pudussery Central (1,137 acres), Pudussery West (240 acres), and Kannambra (313 acres). Strategically located along National Highway 544, the site lies 35 km west of Coimbatore (Tamil Nadu) and 83 km east of Thrissur (Kerala). The IMC is set to host a diverse range of industries, including pharmaceuticals, medicinal chemicals, botanical products, textiles and apparels, food and beverages, non-metallic mineral products, rubber and plastic goods, high-tech manufacturing, and fabricated metal machinery. Approvals and Funding in Place Land acquisition has made significant headway, with approximately 1,400 acres already acquired—1,100 acres in Pudussery Central and 299 acres in Kannambra. Notifications under Section 11(1) have been issued for the remaining 240 acres in Pudussery West and the required access road. The Government of Kerala, through the Kerala Infrastructure Investment Fund Board (KIIFB), has released ₹1,489 crore to date for land acquisition. Environmental clearances have also been secured: IMC Pudussery Central and West received clearance on February 15, 2024, while Kannambra was green-lit on February 13, 2025. Major Central Push for Funding In a key development, the NICDIT board gave its approval to the IMC Palakkad project on December 14, 2022, with a sanctioned outlay of ₹3,815 crore. The Centre committed ₹1,789.92 crore as equity contribution. This was followed by Union Cabinet clearance on August 28, 2024, for a total of ₹3,806 crore—including ₹1,789.92 crore for land and ₹2,026 crore for development. Site visits by top officials—including the Minister for Industries, Law and Coir on September 24, 2024, and the NICDC CEO on October 4, 2024—have further underlined the government's intent. Equity Tranches and Master Plan Unfold In December 2024, the first tranche of equity—comprising 110 acres of land (GoK) and ₹104.5 crore (GoI)—was transferred to the SPV. This was followed by a second tranche in March 2025, consisting of ₹209 crore (GoI) and 220 acres of land (KINFRA) as state equity. The masterplan and Detailed Project Report (DPR) have been prepared by consultants appointed by NICDC. The Request for Qualification-cum-Request for Proposal (RFQ-cum-RFP) for appointing a Programme Manager for New Cities (PMNC) has been floated and is expected to be awarded this week. An Engineering, Procurement and Construction (EPC) contract tender will follow by May 2025. The entire Palakkad node project is targeted for completion within four years. Disclaimer: This article has been produced on behalf of Ministry of Industries, Kerala by Mediawire team.
Time of India
13-05-2025
- Business
- Time of India
Kochi-Bangalore Industrial Corridor Gathers Steam: Palakkad Node Gets Green
Shri. P. Rajeev, Minister for Industries, Govt. of Kerala The Government of India's ambitious plan to develop world-class industrial hubs under the National Industrial Corridor Programme has reached a major milestone in Kerala. The Kochi-Bangalore Industrial Corridor (KBIC), envisioned as an extension of the Chennai-Bangalore Industrial Corridor, is now taking shape with significant progress in the Palakkad node—one of two major nodes planned under the project. The KBIC is being implemented under the aegis of the National Industrial Corridor Development and Implementation Trust (NICDIT) and aims to transform the industrial landscape of southern India. It will position India as a competitive global manufacturing and investment destination, on par with international industrial giants. KICDC Takes the Helm The Kerala Industrial Corridor Development Corporation Limited (KICDC)—a 50:50 joint venture between NICDIT (representing the Centre) and KINFRA (representing the State)—was incorporated on April 21, 2021, to execute the KBIC project. The formal State Support and Shareholder Agreements were inked on October 22, 2020. Palakkad Node: Key Industrial Hub in the Making The Palakkad node, formally called the Integrated Manufacturing Cluster (IMC) Palakkad, will span 1,710 acres across three land parcels: Pudussery Central (1,137 acres), Pudussery West (240 acres), and Kannambra (313 acres). Strategically located along National Highway 544, the site lies 35 km west of Coimbatore (Tamil Nadu) and 83 km east of Thrissur (Kerala). The IMC is set to host a diverse range of industries, including pharmaceuticals, medicinal chemicals, botanical products, textiles and apparels, food and beverages, non-metallic mineral products, rubber and plastic goods, high-tech manufacturing, and fabricated metal machinery. Approvals and Funding in Place Land acquisition has made significant headway, with approximately 1,400 acres already acquired—1,100 acres in Pudussery Central and 299 acres in Kannambra. Notifications under Section 11(1) have been issued for the remaining 240 acres in Pudussery West and the required access road. The Government of Kerala, through the Kerala Infrastructure Investment Fund Board (KIIFB), has released ₹1,489 crore to date for land acquisition. Environmental clearances have also been secured: IMC Pudussery Central and West received clearance on February 15, 2024, while Kannambra was green-lit on February 13, 2025. Major Central Push for Funding In a key development, the NICDIT board gave its approval to the IMC Palakkad project on December 14, 2022, with a sanctioned outlay of ₹3,815 crore. The Centre committed ₹1,789.92 crore as equity contribution. This was followed by Union Cabinet clearance on August 28, 2024, for a total of ₹3,806 crore—including ₹1,789.92 crore for land and ₹2,026 crore for development. Site visits by top officials—including the Minister for Industries, Law and Coir on September 24, 2024, and the NICDC CEO on October 4, 2024—have further underlined the government's intent. Equity Tranches and Master Plan Unfold In December 2024, the first tranche of equity—comprising 110 acres of land (GoK) and ₹104.5 crore (GoI)—was transferred to the SPV. This was followed by a second tranche in March 2025, consisting of ₹209 crore (GoI) and 220 acres of land (KINFRA) as state equity. The masterplan and Detailed Project Report (DPR) have been prepared by consultants appointed by NICDC. The Request for Qualification-cum-Request for Proposal (RFQ-cum-RFP) for appointing a Programme Manager for New Cities (PMNC) has been floated and is expected to be awarded this week. An Engineering, Procurement and Construction (EPC) contract tender will follow by May 2025. The entire Palakkad node project is targeted for completion within four years. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
