Cabinet approves Industrial Corridor nodes at Krishnapatnam & Tumakuru under CBIC
The objective of the Industrial Corridor Programme is the creation of greenfield industrial cities
The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved proposals of the Department of Promotion of Industry & Internal Trade (DPIIT) for construction of various trunk infrastructure components for:
- Krishnapatnam Industrial Area in Andhra Pradesh with an estimated cost of the project of Rs 2,139.44 crore;
- Tumakuru Industrial Area in Karnataka with an estimated cost of Rs 1,701.81 crore;
- Multi Modal Logistics Hub (MMLH) and Multi Modal Transport Hub (MMTH) at Greater Noida in Uttar Pradesh with an estimated cost of Rs. 3,883.80 crore.
The objective of the 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.
These projects have been planned on the backbone of multi-modal connectivity infrastructure. Krishnapatnam Industrial Area in Andhra Pradesh and Tumakuru Industrial Area in Karnataka under Chennai Bengaluru Industrial Corridor (CBIC) has been approved to kick start the development of the Chennai Bengaluru Industrial Corridor Project. These greenfield industrial cities will be self-sustained 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.
These projects will generate ample employment opportunities through industrialization. For Krishnapatnam node, the estimated employment projection on completion of the first phase of development is likely to be around 98,000 persons of which about 58,000 persons are likely to be employed at the site.
The facility will not only provide standard container handling activities but also provide various value-added services to reduce logistics cost with improved efficiency of operations.
Multi Modal Transport Hub (MMTH) project located near the already existing Indian Railways station of Boraki will act as a transport hub with provisioning of Rail, Road, and MRTS accessibility for the passengers in a seamless manner. MMTH will have space for Inter State Bus Terminal (ISBT), Local Bus Terminal (LBT), Metro, commercial, retail & hotel space, and green open spaces. The project will provide world-class passenger movement facilities for the growing population of the catchment zone catering to upcoming developments in UP sub-region of the NCR and thus, decongest Delhi.
The objective of the Industrial Corridor Programme