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With reference to National Industrial Corridor Development Corporation (NICDC) Limited, consider the following statements.
1. It has been formed by renaming Delhi Mumbai Industrial Development Corporation Limited after the expansion of its mandate.
2. Government of India and Japan Bank for International Cooperation are its shareholders.
3. Its mandate is to develop and implement all industrial corridor projects in the country.
1. It has been formed by renaming Delhi Mumbai Industrial Development Corporation Limited after the expansion of its mandate.
2. Government of India and Japan Bank for International Cooperation are its shareholders.
3. Its mandate is to develop and implement all industrial corridor projects in the country.
Which of the statements given above are correct?
- a)1, 2 and 3
- b)1 and 3 only
- c)1 and 2 only
- d)2 and 3 only
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
With reference to National Industrial Corridor Development Corporation...
- National Industrial Corridor Development Programme is India's most ambitious infrastructure programme aiming to develop new industrial cities as "Smart Cities" and converging next generation technologies across infrastructure sectors.
- Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) Limited, a special purpose company, was incorporated to establish, promote and facilitate development of Delhi Mumbai Industrial Corridor Project.
- Further, after announcement of other Industrial Corridor Projects, the mandate of DMICDC Ltd. has been expanded to develop and implement all Industrial Corridor Projects in the country and accordingly, the name has been changed to National Industrial Corridor Development Corporation (NICDC) Limited. Hence statement 1 and statement 3 are correct.
- NICDC is mandated to undertake project development activities for Investment Regions/Industrial Areas/ Economic Regions / Industrial Nodes and Township etc.
- The shareholding of NICDC is as follows:
- Govt of India – 49% o Japan Bank for International Cooperation – 26%
- Housing and Urban Development Corporation Ltd – 19.9%
- India Infrastructure Finance Company Ltd – 4.1%
- LIC – 1%
Hence statement 2 is correct.
Most Upvoted Answer
With reference to National Industrial Corridor Development Corporation...
The correct answer is option 'A': 1, 2 and 3.
Explanation:
1. Formation of National Industrial Corridor Development Corporation (NICDC) Limited:
- The National Industrial Corridor Development Corporation (NICDC) Limited was formed by renaming the Delhi Mumbai Industrial Development Corporation Limited (DMICDC) after the expansion of its mandate.
- The DMICDC was initially established in 2008 as a special purpose vehicle (SPV) to develop the Delhi Mumbai Industrial Corridor (DMIC).
- The expansion of its mandate led to the renaming of DMICDC to NICDC.
2. Shareholders of NICDC:
- The Government of India and the Japan Bank for International Cooperation (JBIC) are the shareholders of NICDC.
- The Government of India holds a majority stake in NICDC, while JBIC is a strategic partner.
3. Mandate of NICDC:
- The mandate of NICDC is to develop and implement all industrial corridor projects in the country.
- NICDC is responsible for planning, promoting, and implementing the development of industrial corridors across the country, with a focus on creating world-class infrastructure and attracting investments.
- It aims to develop these corridors as global manufacturing and investment destinations, contributing to economic growth, job creation, and regional development.
The National Industrial Corridor Development Corporation (NICDC) Limited plays a crucial role in the development of industrial corridors in India. With the Government of India and the Japan Bank for International Cooperation as its shareholders, NICDC is responsible for planning, promoting, and implementing industrial corridor projects across the country. Its mandate is to develop these corridors as global manufacturing and investment destinations, contributing to economic growth and regional development.
Explanation:
1. Formation of National Industrial Corridor Development Corporation (NICDC) Limited:
- The National Industrial Corridor Development Corporation (NICDC) Limited was formed by renaming the Delhi Mumbai Industrial Development Corporation Limited (DMICDC) after the expansion of its mandate.
- The DMICDC was initially established in 2008 as a special purpose vehicle (SPV) to develop the Delhi Mumbai Industrial Corridor (DMIC).
- The expansion of its mandate led to the renaming of DMICDC to NICDC.
2. Shareholders of NICDC:
- The Government of India and the Japan Bank for International Cooperation (JBIC) are the shareholders of NICDC.
- The Government of India holds a majority stake in NICDC, while JBIC is a strategic partner.
3. Mandate of NICDC:
- The mandate of NICDC is to develop and implement all industrial corridor projects in the country.
- NICDC is responsible for planning, promoting, and implementing the development of industrial corridors across the country, with a focus on creating world-class infrastructure and attracting investments.
- It aims to develop these corridors as global manufacturing and investment destinations, contributing to economic growth, job creation, and regional development.
The National Industrial Corridor Development Corporation (NICDC) Limited plays a crucial role in the development of industrial corridors in India. With the Government of India and the Japan Bank for International Cooperation as its shareholders, NICDC is responsible for planning, promoting, and implementing industrial corridor projects across the country. Its mandate is to develop these corridors as global manufacturing and investment destinations, contributing to economic growth and regional development.
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With reference to National Industrial Corridor Development Corporation (NICDC) Limited, consider the following statements.1. It has been formed by renaming Delhi Mumbai Industrial Development Corporation Limited after the expansion of its mandate.2. Government of India and Japan Bank for International Cooperation are its shareholders.3. Its mandate is to develop and implement all industrial corridor projects in the country.Which of the statements given above are correct?a)1, 2 and 3b)1 and 3 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?
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With reference to National Industrial Corridor Development Corporation (NICDC) Limited, consider the following statements.1. It has been formed by renaming Delhi Mumbai Industrial Development Corporation Limited after the expansion of its mandate.2. Government of India and Japan Bank for International Cooperation are its shareholders.3. Its mandate is to develop and implement all industrial corridor projects in the country.Which of the statements given above are correct?a)1, 2 and 3b)1 and 3 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to National Industrial Corridor Development Corporation (NICDC) Limited, consider the following statements.1. It has been formed by renaming Delhi Mumbai Industrial Development Corporation Limited after the expansion of its mandate.2. Government of India and Japan Bank for International Cooperation are its shareholders.3. Its mandate is to develop and implement all industrial corridor projects in the country.Which of the statements given above are correct?a)1, 2 and 3b)1 and 3 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to National Industrial Corridor Development Corporation (NICDC) Limited, consider the following statements.1. It has been formed by renaming Delhi Mumbai Industrial Development Corporation Limited after the expansion of its mandate.2. Government of India and Japan Bank for International Cooperation are its shareholders.3. Its mandate is to develop and implement all industrial corridor projects in the country.Which of the statements given above are correct?a)1, 2 and 3b)1 and 3 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?.
With reference to National Industrial Corridor Development Corporation (NICDC) Limited, consider the following statements.1. It has been formed by renaming Delhi Mumbai Industrial Development Corporation Limited after the expansion of its mandate.2. Government of India and Japan Bank for International Cooperation are its shareholders.3. Its mandate is to develop and implement all industrial corridor projects in the country.Which of the statements given above are correct?a)1, 2 and 3b)1 and 3 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to National Industrial Corridor Development Corporation (NICDC) Limited, consider the following statements.1. It has been formed by renaming Delhi Mumbai Industrial Development Corporation Limited after the expansion of its mandate.2. Government of India and Japan Bank for International Cooperation are its shareholders.3. Its mandate is to develop and implement all industrial corridor projects in the country.Which of the statements given above are correct?a)1, 2 and 3b)1 and 3 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to National Industrial Corridor Development Corporation (NICDC) Limited, consider the following statements.1. It has been formed by renaming Delhi Mumbai Industrial Development Corporation Limited after the expansion of its mandate.2. Government of India and Japan Bank for International Cooperation are its shareholders.3. Its mandate is to develop and implement all industrial corridor projects in the country.Which of the statements given above are correct?a)1, 2 and 3b)1 and 3 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?.
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