The upcoming Chennai Bengaluru Industrial Corridor Project has received a major boost as the Cabinet Committee on Economic Affairs has approved proposals for construction of industrial corridor nodes at Krishnapatnam Industrial Area in Andhra Pradesh and Tumakuru Industrial Area in Karnataka.
Chaired by Prime Minister Narendra Modi, the committee has given nod to the projects, in which Krishnapatnam project will have an estimated cost of Rs. 2,139.44 crore and Tumakuru project an estimated cost of Rs. 1,701.81 crore.
Envisioned on the backbone of major transportation corridors like Eastern & Western Dedicated Freight Corridors, Expressways and National Highways, proximity to ports, airports, etc., the objective of Industrial Corridor Programme is the creation of greenfield industrial cities with sustainable, ‘plug n play’, ICT enabled utilities to facilitate the manufacturing investments into the country by providing quality, reliable, sustainable and resilient infrastructure to industries.
The developed land parcels in these cities will be ready for immediate allotment for attracting investments into manufacturing and positioning India as a strong player in the Global Value Chain.
The proposed greenfield industrial cities is envisaged to be self-sustaining with world-class infrastructure, road and rail connectivity for freight movement to and from ports and logistic hubs along with reliable power and quality social infrastructure.
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