Five industrial corridor projects have been identified, planned and launched by the Government of India in the Union Budget of 2014-2015, to provide an impetus to industrialisation and planned urbanisation. In each of these corridors, manufacturing is a key economic driver and these projects are seen as critical in raising the share of manufacturing in India's GDP from the current levels of 15 per cent  to 16 per cent to 25 per cent by 2022.

Along these corridors, the development of 100 Smart Cities has also been envisaged in the Union Budget of 2014-2015. These cities are being developed to integrate the new workforce that will power manufacturing along the industrial corridors and to decongest India's urban housing scenario. A National Industrial Corridor Development Authority (NICDA) is being established to converge and integrate the development of all industrial corridors.

DelhiI-Mumbai industrial corridor

The DMIC project was launched in pursuance of an MOU signed between the Government of India and the Government of Japan in December 2006. DMIC Development Corporation (DMICDC), incorporated in 2008, is the implementing agency for the project. DMICDC has been registered as a company with 49 per cent equity of Government of India, 26 per cent equity of the JBIC and the remaining held by government financial institutions. The Japanese Government had also announced financial support for DMIC project to an extent of USD 4.5 billion in the first phase for the projects with Japanese participation involving cutting-edge technology.

Amritsar-Kolkata industrial corridor

DMICDC has been entrusted with the work of undertaking the feasibility study of AKIC as the nodal agency. DMICDC has since identified and appointed lEA Associates South Asia Pvt. ltd. as consultant for preparation of perspective plan for AKIC Project. The consultant has submitted the interim report which has been discussed with the stakeholders.

Bengaluru-Mumbai economic corridor

Four nodes in Maharashtra and six nodes in Karnataka have been identified under perspective planning, of which, one node from each state governments is to be shortlisted by state government for master planning. State government of Karnataka had identified ‘Dharwad' as the first industrial node in Karnataka under the BMEC. DMICDC, the nodal agency of the project, has initiated the work of master planning of Dharwad node in Karnataka.

Vizag-Chennai industrial corridor

Asian Development Bank (ADB), consultant of VCIC has since submitted the final report on Conceptual Development Plan (CDP) of VCIC. Out of four nodes namely Visakhapatnam, Kakinada, Gannavaram and Kankipadu and Srikalahasti-Yerpedu of Andhra Pradesh identified by ADB in their CDP-VCIC region, ADB prioritised two nodes namely Visakhapatnam and Srikalahasti-Yerpedu for which master planning has been initiated by third quarter of 2015. Regional perspective planning of VCIC is in progress.

Chennai-Bengaluru industrial corridor project

Master planning of three identified nodes namely Ponneri (Tamil Nadu), Tumkur (Karnataka) and Krishnapatnam (Andhra Pradesh) in CBIC has since been completed. Preliminary Environment Impact Assessment Study for these nodes is under progress. State governments have been asked to finalise legal framework for signing of State Support Agreement (SSA) and Share Holder Agreement (SHA).