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AKIC Project Gains Momentum with Agreements for IMC Hisar Breakthrough

Soniya Gupta

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The AKIC Amritsar-Kolkata Industrial Corridor initiative has signed a State Support Agreement and Shareholder Agreement with the National Industrial Corridor Development and Implementation Trust (NICDIT), the Government of Haryana, and Haryana Airports Development Corporation (HADC). The agreement will support the development of an Integrated Manufacturing Cluster (IMC) at Hisar, one of (National Industrial Development) 20 projects implemented by NICDC in collaboration with state governments across India. The IMC, spread across 2,988 acres, is expected to attract domestic and global investments, foster a business-friendly ecosystem, generate large-scale employment, and strengthen Haryana’s position as a leading industrial hub.

The Amritsar–Kolkata Industrial Corridor (AKIC) has marked a significant advancement with the recent agreements facilitating the development of the Integrated Manufacturing Cluster (IMC) in Hisar, Haryana. On August 20, 2025, the National Industrial Corridor Development and Implementation Trust (NICDIT), the Government of Haryana, and the Haryana Airports Development Corporation (HADC) signed the State Support Agreement (SSA) and Shareholder Agreement (SHA), laying the foundation for this ambitious project Spanning approximately 2,988 acres, the Hisar IMC is strategically located near the newly inaugurated Maharaja Agrasen International Airport.

This proximity enhances its connectivity, placing it between the Eastern and Western Dedicated Freight Corridors (EDFC and WDFC), and offering direct access to National Highways 52 and 9 . Such strategic positioning ensures seamless logistics and transportation, vital for industrial operations The IMC is projected to attract investments totaling ₹32,417 crore, with an initial project cost of ₹4,680 crore. This substantial financial influx is expected to generate approximately 125,000 jobs, significantly boosting the local economy and contributing to the ‘Make in India’ initiative . The development aims to create a world-class industrial hub that fosters innovation, manufacturing excellence, and economic growth.

The Hisar IMC is part of a broader vision under the AKIC, which encompasses 20 projects across seven states. These projects are designed to enhance industrial infrastructure, promote balanced regional development, and integrate various sectors such as logistics, manufacturing, and services . The Hisar cluster, being one of the most significant, is poised to play a pivotal role in this overarching strategy With the signing of the SSA and SHA, the Hisar IMC project has gained substantial momentum. These agreements not only formalize the collaboration between key stakeholders but also signify a commitment to developing state-of-the-art infrastructure that meets global standards.

As the project progresses, it is expected to attract both domestic and international investors, further integrating India into the global manufacturing landscape. Agreement (SSA) and Shareholder Agreement (SHA), marking a pivotal step in operationalizing this ambitious project. This development is set to transform Hisar into a hub of industrial activity, aligning with the broader vision of the AKIC to enhance infrastructure, manufacturing, and economic growth across seven states. initiative, reinforcing India’s position as a global manufacturing destination. (AKIC) The IMC aims to host industries across sectors such as engineering, textiles, automotive components, and electronics, establishing a cluster that emphasizes innovation, skill development, and industrial excellence.

q1. What is the AKIC Project?

AKIC (Advanced Knowledge & Industrial Corridor) is a major industrial and knowledge-driven development initiative in Haryana.

q2. Where is IMC Hisar located?

IMC Hisar is situated in Hisar district, Haryana, and is part of the AKIC industrial corridor.

q3. What are the recent agreements for IMC Hisar?

Key MoUs and partnerships were signed with investors and industrial players to boost infrastructure and business growth.

q4. How will this project benefit the region?

The project will create jobs, attract investments, and enhance industrial and knowledge-based infrastructure.

q5. When will the AKIC Project be fully operational?

Phased development is underway, with initial operations expected in the next few years as agreements are implemented.