NICDC, Bihar sign agreements for Integrated Manufacturing Cluster in Gaya
On 12 November 2024, NICDC, the Government of Bihar and BIADA signed the State Support and Shareholder Agreements for an Integrated Manufacturing Cluster in Gaya, Bihar, a node of the Amritsar-Kolkata Industrial Corridor.
Summary
On 12 November 2024, the National Industrial Corridor Development Corporation (NICDC), the Government of Bihar and the Bihar Industrial Area Development Authority (BIADA) signed the State Support Agreement and Shareholder Agreement to set up an Integrated Manufacturing Cluster (IMC) in Gaya, Bihar, a node under the Amritsar-Kolkata Industrial Corridor (AKIC). IMC Gaya, 39 km south of Gaya International Airport, will cover 1,670 acres with an investment potential of ₹16,524 crore and a project cost of ₹1,339 crore, and is expected to create about 1,09,185 jobs. NH-19 (Golden Quadrilateral) is 10 km away and NH-22 is 2 km away.
Key facts
- Date
- 12 Nov 2024
- Parties
- NICDC, Government of Bihar, BIADA
- Agreements
- State Support Agreement; Shareholder Agreement
- Project
- Integrated Manufacturing Cluster, Gaya (AKIC node)
- Area
- 1,670 acres
- Investment potential / cost
- ₹16,524 crore / ₹1,339 crore
- Jobs
- About 1,09,185
Practice MCQs 3 questions
The Integrated Manufacturing Cluster at Gaya, Bihar, for which agreements were signed on 12 November 2024, is a node of which industrial corridor?
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Correct answer: D — Amritsar-Kolkata Industrial Corridor
PIB (Commerce): IMC Gaya is a node under the Amritsar-Kolkata Industrial Corridor (AKIC).
What area will the Integrated Manufacturing Cluster at Gaya cover?
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Correct answer: B — 1,670 acres
PIB (Commerce): IMC Gaya will cover 1,670 acres.
Consider the following about IMC Gaya: 1. It has an investment potential of ₹16,524 crore. 2. It is expected to create about 1,09,185 jobs. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
PIB (Commerce): IMC Gaya has an investment potential of INR 16,524 crore and is expected to create approximately 1,09,185 jobs. Both are correct.