Millennium Post

Govt okays Rs1,030-cr modified industrial infra upgrade scheme

The government on Thursday approved the Modified Industrial Infrastructure Upgradation Scheme (MIIUS) with an outlay of Rs 1,030 crore during the 12th Five Year Plan period ending March 2017.

Of the total outlay, Rs 450 crore will be used for committed liability and the remainder for taking up 14 to 16 new infrastructure upgradation projects in existing or greenfield industrial clusters, Information & Broadcasting Minister Manish Tewari said.

The decision was taken by the Cabinet Committee on Economic Affairs headed by Prime Minister Manmohan Singh.At least 10 per cent of the outlay will be set aside for a minimum of two projects in the North East, Tewari said.

'All states are covered under the scheme. However, projects are likely to be undertaken in only 14 to 16 states/districts due to limitation of outlay,' an official release added.

In 2003, an Industrial Infrastructure Upgradation Scheme (IIUS) was launched to enhance the industry's competitiveness by providing infrastructure through the public-private partnership model in selected functional clusters. Under the scheme, central assistance would be provided for as much as 75 per cent of the project cost, subject to a ceiling of Rs 5 crore.
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