The NEC is part of the Delhi Mumbai Industrial Corridor - a dedicated freight corridor which is being constructed by Railways, to connect the states of Rajasthan, Haryana, and Gujarat to Jawaharlal Nehru Port Trust and to connect the state to the economic capital. The Delhi Mumbai Industrial Corridor Corporation will look into  potential development centres in six states along the freight rail route. The Nashik-Igatpuri-Sinnar zone was identified for the first phase of this project.

Khan lauded the efforts of the Nashik Industrial Cooperative Estate and the Nashik Municipal Corporation, for taking the lead in the formation of the Engineering Cluster. Dr Sanjay Chahande, Divisional Revenue Commissioner, said that the Engineering Cluster had come to the region at right time and that it would help upgrade skills of the human resource in the region.

New land acquisition policy coming up

In order to solve the problems faced for land acquisition a new policy is being formulated to help the industries and the farmers as well. In order to give them better prospects in the future, the farmers themselves could create a Special Economic Zone or partner in creating a SEZ.

The Industrial Infrastructure Upgradation Scheme was launched in 2003 with a view to enhance competitiveness of industry by providing quality infrastructure through public-private partnership in selected functional clusters. Central assistance up to 75% of the project cost subject to a ceiling of Rs.50 crore is given for each project. The remaining project cost is required to be financed by the stakeholders of respective clusters subject to a minimum industry contribution of 15% of the approved project cost.