i) INTRODUCTION
The National Highways and Infrastructure Development Corporation Limited (NHIDCL) was incorporated as a Public Sector Undertaking under the Companies Act, 2013, on 18th July, 2014 under Ministry of Road Transport & Highways,Government of India, inter alia, with authorized share capital of ₹10 crores and paid up capital of ₹ 1 crore with an objective to fast pace construction ofNational Highways and other infrastructure in the North Eastern Region and Strategic Areas of the country which share international boundaries. The effort is aimed at economically consolidating these areas with overall economic benefits flowing to the local population while integrating them in more robust manner with the mainstream. The company started its effective functioning on 22nd Sep. 2014 with first appointment of Shri. Anand Kumar, IAS (KL:1984) and Shri Sanjay Jaju, IAS (TS:1992) as Managing Director and Director (A&F) respectively.
The company has been entrusted with the task of developing and improving road connectivity of an approximate aggregate length of 10,000 km including the international trade corridor in the North East, and 500 km in the North Bengal and North Eastern region of India to enable efficient and safe transport regionally with other South Asia Sub-regional Economic Cooperation (SASEC) member countries & promote cross border trade and commerce besides helping safeguard India’s international borders.
The company envisages creating customized and specialized skills for addressing issues like complexities of geographical terrains and addressing extensive coordination requirements with security agencies. The company would endeavor to undertake infrastructure projects including but not restricted tourban infrastructure and urban or city transport and to act as an agency for development of all types of Infrastructure. The company envisages working towards cross sharing of technical know-how and enhancing opportunities for business development with other nations and their agencies, including the multilateral organizations and institutions.
