SPV Decision Record
NICDC SPV Issues Letter of Award for Programme Manager for New Cities at Khurpia IMC
On 8 July 2025, the project SPV NICDC Uttarakhand Industrial Township Limited issued a Letter of Award for a Programme Manager for New Cities to oversee development and management of the Khurpia Integrated Manufacturing Cluster, after 500 acres of land and matching state equity had already reached the SPV.

| Decision | LoA issued for Programme Manager for New Cities (PMNC) |
|---|---|
| Date of decision | 8 July 2025 |
| Deciding body | NICDC Uttarakhand Industrial Township Limited (project SPV) |
| Awardee | Voyants Solutions Private Limited |
| Corridor programme | Amritsar Kolkata Industrial Corridor (AKIC), under NICDP |
| Land transferred to SPV (at decision date) | 500 acres, out of 1,002 acres confirmed by state govt. |
| Matching equity released by NICDIT | Rs 207.09 crore |
| Enabling Cabinet approval | CCEA approval, 28 August 2024 |
| SPV incorporation date | 21 October 2022 |
What was decided
On 8 July 2025, the special purpose vehicle for the project — NICDC Uttarakhand Industrial Township Limited — issued by SPV for Programme Manager for New Cities (PMNC) on 8th Jul, 2025 a Letter of Award for the role of Programme Manager for New Cities (PMNC). The mandate is for onboarding of Programme Manager for New Cities (PMNC) for Development and Management of Industrial Township at the Khurpia Integrated Manufacturing Cluster (IMC), also referred to in state records as Khurpia Farm, in Kichha tehsil of Udham Singh Nagar district, Uttarakhand.
The awardee was Voyants Solutions Private Limited, which announced on its own site that it has been entrusted with the role of Programme Manager for Ne...Driving Modern Industrial Infrastructure for Uttarakhand's Emerging Manufacturing cluster, dated to the same 8 July 2025 award date.
Authority chain behind the decision
The Khurpia project sits under the National Industrial Corridor Development Programme (NICDP), coordinated nationally by the National Industrial Corridor Development Corporation (NICDC) and its holding entity NICDIT, with project-level decisions made by the state-specific SPV. The sequence of approvals that put the SPV in a position to award the PMNC contract was:
- The project proposal has been recommended by NICDIT during the meeting held on 8th June, 2022.
- NICDC Uttarakhand Industrial Township Limited, SPV was incorporated 21st October, 2022.
- SSA/SHA for the project has been executed on 30th April, 2022 and approved by NICDIT on 14th July, 2021.
- EC for the project has been granted by SEIAA, Uttarakhand on 9th March, 2023.
- CCEA approval received on 28th Aug, 2024, as part of a wider Cabinet decision that Rajat Saini, CEO and managing director of National Industrial Corridor Development Corporation (NICDC) and the government presented alongside 11 other industrial nodes nationally, with the batch estimated investment of Rs 28,602 crore.
Only after this chain — recommendation, incorporation, state/central agreements, environmental clearance and Cabinet approval — did the SPV have the standing and released funds to award the PMNC contract on 8 July 2025.
Land and funding position at the time of the decision
At the point the PMNC LoA was issued, the operative land and funding figures for Khurpia were: 500 acre land transferred by State govt. to Project SPV and matching equity amounting to Rs. 207.09 Crore has been released by NICDIT to Project SPV. This 500 acres is a tranche of a larger parcel; separately, State Govt. has confirmed the availability of 1,002 Acre land for development of Integrated Manufacturing Cluster (IMC) at Khurpia.
An earlier environmental filing for the project had scoped a smaller core footprint, noting the proposed IMC covers an area of 410.10 ha which is <500 Ha and having Mixed use Built-up area of 16,60,000 sq.mt, placing it in Townships and Area Development projects, Category B1 under the EIA notification. That filing also recorded that the identified land is in possession of SIIDCUL... currently it is a barren land, with River Beni forms the eastern boundary of the site and gets connected with river Gaula / Kichha towards south of site near Kichha town, and an estimated residential population of approx. 17,760 once built out.
Practical effect of the decision
The PMNC award does not itself authorise construction. It appoints a programme-management consultant to run day-to-day coordination between the SPV, contractors and government agencies through the build-out. Based on how NICDC has described the same role for a sister IMC using the same consultant, the PMNC is expected to cover programme-level coordination, development management, and implementation support to ensure the project evolves into a modern, investment-ready manufacturing destination.
In practice, the LoA is the administrative step that precedes physical works: it puts a professional manager in place to supervise the master-plan rollout and, crucially, to run the subsequent tender for an EPC (engineering, procurement and construction) contractor — the entity that actually builds roads, drainage, power and other trunk infrastructure inside the IMC boundary.
For context on scale, NICDC's own project page for Khurpia (Kichha tehsil, Located just 17 km from Rudrapur in Kichha Tehsil, the site is strategically located near NH-09, NH-109, and SH-44) states a project cost of ₹1,265 crore and an investment potential of ₹6,180 crore, with the IMC poised to generate over 75,000 jobs. Uttarakhand's Chief Minister has separately claimed the project would attract investments of Rs 15,000 crore and generate 50,000 jobs in Uttarakhand — a state-level estimate that differs from NICDC's own figures and should be read as a political statement rather than an audited project number.
What happened after the LoA (timeline update)
Subsequent DPIIT and NICDC monthly monitoring reports show the project moving from the PMNC appointment into contractor selection and site works:
- Tender for onboarding of EPCC floated on 16th Jul, 2025.
- A first EPCC call was not carried through, and a 2nd call EPC tender floated on 18th Oct, 2025.
- 2nd call EPC tender floated on 18th Oct, 2025 and LoA issued by SPV to M/s Raj Shyama Constructions Pvt. Ltd. on 16th December 2025.
- Kick-off meeting was held on 10th March 2026 under the chairmanship of CEO & MD, NICDC at SIIDCUL Office, Dehradun.
- Design Workshop held under the chairmanship of GM - SIIDCUL at SIIDCUL Office, Dehradun on 01st Apr 2026.
- As of the May 2026 monitoring report, Site establishment, Clearing & grubbing, design & drawings, Site survey work in progress.
As of the October 2025 DPIIT report, the 500-acre/Rs 207.09 crore land-and-equity figures for Khurpia had not changed from the position recorded at the time of the July LoA, indicating that no further land tranche had been transferred to the SPV in that window.
Frequently asked questions
What exactly did the NICDC SPV decide on 8 July 2025?
It issued a Letter of Award appointing a Programme Manager for New Cities (PMNC) — Voyants Solutions Private Limited — to run coordination and development management for the Khurpia IMC.
Does the PMNC LoA mean construction has started at Khurpia?
No. The PMNC role is programme management and coordination, not construction. Physical site works (clearing, grubbing, survey) are recorded as being in progress only later, per the most recent monitoring report reviewed.
Which body issued the award, and what is its relationship to NICDC?
The award came from NICDC Uttarakhand Industrial Township Limited, the state-specific special purpose vehicle (SPV) incorporated on 21 October 2022 to implement the Khurpia project under the National Industrial Corridor Development Programme overseen nationally by NICDC/NICDIT.
How much land had actually been transferred to the SPV when the LoA was issued?
500 acres had been transferred by the state government to the project SPV, with matching equity of Rs 207.09 crore released by NICDIT, against a total of 1,002 acres the state has confirmed as available for the full IMC.
Who was appointed as EPC (construction) contractor, and when?
After a first tender call did not proceed, a second EPC tender was floated on 18 October 2025, and the SPV issued an LoA to M/s Raj Shyama Constructions Pvt. Ltd. on 16 December 2025 — over five months after the PMNC award.
What is Khurpia IMC's official investment scale?
NICDC's project page states a project cost of ₹1,265 crore and an investment potential of ₹6,180 crore, with the cluster expected to generate over 75,000 jobs; state government statements have cited different, higher figures for expected investment and lower job numbers.
Where exactly is the Khurpia site, and what surrounds it?
It lies in Kichha tehsil of Udham Singh Nagar district, about 17 km from Rudrapur, near NH-09, NH-109 and SH-44; an environmental filing notes the River Beni forms its eastern boundary and the Paha canal runs through the northern part of the site.
Sources
- National Industrial Corridor Development Corporation — DMU Report, 31.10.2025 (DPIIT)
- National Industrial Corridor Development Corporation — DMU Report, 30.09.2025 (DPIIT)
- National Industrial Corridor Development Corporation — DMU Report, 31.05.2026 (NICDC)
- IMC Khurpia Uttarakhand — Project Page, NICDC
- Voyants Appointed as Programme Manager for Infrastructure Development of IMC Khurpia, Uttarakhand
- Programme Manager for New Cities (PMNC) for IMC Rajpura — Voyants (role description)
- Form-1 (Category 8(b), B1) — IMC Khurpia Farm, Environmental Clearance filing
- Union Cabinet approves 12 industrial smart cities worth Rs 28,602 cr — Business Standard
- Khurpia Farm among 12 new industrial smart cities to be developed in India — Prashant News