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With reference to the National Industrial Corridor Development and Implementation Trust, consider the following statements:
  1. It is an implementing agency of the National Industrial Corridor Programme.
  2. It works under the Ministry of Commerce and Industry.
Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    2 Only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the National Industrial Corridor Development and Imp...
Recently, eight projects under the National Industrial Corridor Development and Implementation Trust (NICDIT) have been sanctioned and approved by the Government of India.
  • 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.
Hence both statements are correct.
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With reference to the National Industrial Corridor Development and Implementation Trust, consider the following statements: It is an implementing agency of the National Industrial Corridor Programme. It works under the Ministry of Commerce and Industry.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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