News

17 May 2018

The Tribune

Multi-modal logistics hub for Haryana

Multi-modal logistics hub for Haryana

Cabinet nod to Rs 5,000-cr micro-irrigation fund, biofuels policy, Central varsity for AP

Girja Shankar Kaura
Tribune News Service
New Delhi, May 16

The government on Wednesday approved the development of trunk infrastructure components for integrated multi-modal logistics hub — “Freight Village” — at Nangal Chaudhary in Haryana under the Delhi-Mumbai Industrial Corridor Project (DMIC).

The approval came at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.

The Cabinet also approved the National Policy on Biofuels, which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Besides giving an in-principle approval for establishing a central university by the name of “Central University of Andhra Pradesh” in Janthaluru village of Ananthapur District, Andhra Pradesh, the Cabinet also approved an initial Corpus of Rs 5,000 crore for setting up of a dedicated “Micro Irrigation Fund” (MIF) with NABARD under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY).

The integrated multi-modal logistics hub at Nangal Chaudhary would include roads and services, building complex, water, sewage and common effluent treatment plant.

Briefing media here, I-T and Law Minister Ravi Shankar Prasad said Freight Village will be developed over 886.78 acres in Haryana by project Special Purpose Vehicle (SPV) in two phases. A financial sanction of Rs 1,029.49 crore for development of Phase I and in-principle approval for development of Phase-II of the project has also been given by the CCEA, an official statement said. Expenditure on Phase-I comprises cost of entire land at Rs 266 crore, including cost of the land to be used for development of Phase II, the statement said.

The $100-billion Delhi-Mumbai Industrial Corridor was conceived in 2006 as a global manufacturing and investment destination, by utilising the high-capacity 1,483 km-long Western Dedicated Freight Corridor (DFC) as the backbone.

It was to be ready by 2017, but now the revised targets are 2020-21 for phase-I of the project and Phase-ll of the project will be reappraised in 2028 or earlier.

Other decisions

  • Metro extended to Noida: The Cabinet on Wednesday approved extension of Metro network from Noida City Centre to Sector 62, which borders Ghaziabad in UP, with an investment of Rs 1,967 crore. 
  • Rs 11K cr more for forces spectrum: An additional sum of Rs 11,330 crore was sanctioned for laying of an alternative communications network for defence services in turn for release of spectrum held by the armed forces.
  • Ordinance for homoeopathy body revamp: An ordinance to replace the existing Central Council of Homoeopathy (CCH) with a board of governor was approved. Board members will replace the existing CCH functionaries and will comprise seven persons who will be eminent homeopathy practitioners and administrators.