Industrial Corridor Development Program (Subprogram 1) (ADB-54465-001)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
Nation-wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 29, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of India
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 251.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Apr 10, 2022

Disclosed by Bank Oct 29, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to Asian Development Bank (ADB) documents, the proposed program will expand and enhance the competitiveness of manufacturing in India by supporting the development of industrial corridors. The program is consistent with the country partnership strategy for India, 2018 2022; accelerating inclusive economic transformation. Addressing pillar 1 of the country partnership strategy on boosting economic competitiveness and creating jobs, the program will expand multi-modal transport networks along economic corridors, enhance institutions for corridor management, and address skills gaps to support industrialization.

PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY

The Government of India launched the Make in India program in 2014, building on National Manufacturing Policy of 2012, aiming to boost manufacturing sector growth to 12% 14%, raise its share of GDP to 25%, and generate employment for 100 million people by FY2025. The program identified industrial corridors as a policy instrument to expand the manufacturing base through reforms in ease of doing business, logistics facilities, multimodal transport, smart cities, and FDI liberalization, to be pursued in an integrated manner.

The PBL will strengthen industrial corridor management by supporting integration of institutions and synchronization of policies between federal and state governments. The technical and policy advisory, human resources, and program management capacity of NICDCL will be strengthened. Identified gaps in the industrial operating ecosystem was used in developing the policy matrix. Policy actions to support development of the green corridor framework; launch of industrial land bank; upgrading of the Industrial Park Rating System; integration of the national single window clearance system; development of a framework for inclusive housing of workers; and linking industrial corridor development with the Skill India initiative are included to ensure synergy between the industrial corridor development program and the reform agenda of India. Proposed loan is a logical extension of ADB's engagement in corridor development at the state level. NICDIT is expected to fund SPVs for projects within industrial corridors through fund transfers from the center to the state.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Responsible ADB Officer Gunawardhena, Manohari
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Commerce and Industry
Amrit Lal
amritlalmeena07@gmail.com
Udyog Bhawan, New Delhi 110011, India
Ministry of Commerce and Industry
Amrit Lal
as.logistics@gov.in
Udyog Bhawan, New Delhi 110011, India
Ministry of Commerce and Industry
Amrit Lal
surendra.ahirwar@gov.in
Udyog Bhawan, New Delhi 110011, India
Ministry of Commerce and Industry
Amrit Lal
surendra.ahirwar@nic.in
Udyog Bhawan, New Delhi 110011, India
Ministry of Commerce and Industry
Amrit Lal
Udyog Bhawan, New Delhi 110011, India

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

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