The group of ministers on setting up of the Amritsar-Kolkata Industrial Corridor (AKIC) and formation of AKIC Development Corporation will meet on Tuesday to discuss and finalise instrumentalities and modalities of the corridor.
The move is seen as an attempt by the government to push policies before the model code of conduct, expected later this week, kicks in.
The GoM, headed by finance minister P Chidambaram, “will deliberate on how the approvals should be given and what would be the modalities of the project,” an official told The Indian Express.
“The Cabinet has though given the in-principle approval to the AKIC in January, the precise modalities and instrumentalities of setting it up are yet to be finalised. Once approved, the project would provide huge boost to the manufacturing sector,” the official said.
The corridor would run through seven states including Punjab, Haryana, Uttarakhand, Uttar Pradesh, Bihar, Jharkhand, West Bengal and would comprise a belt of at least 5.5 lakh square kms across. It is proposed to be developed in a band of 150-200 kms on either side of Eastern Dedicated Freight Corridor. The first phase would entail setting up of integrated manufacturing clusters of 10 square kms in each of the states.
Also, given the fact that most of these states are agrarian, a minimum of 40 per cent of the land in cluster will be permanently earmarked for manufacturing and agro-processing.