Chennai Corridor snippets

With two proposed industrial corridors crisscrossing Chennai, the capital of Tamil Nadu could emerge the beehive of industrial activity in southern India, creating hundreds of jobs and generating thousands of crores of rupees as investment.
Asian Development Bank (ADB) will prepare a detailed feasibility report, on an industrial corridor which will link Tuticorin in south Tamil Nadu with Kolkata. The bank has prepared a concept note on an East Coast Economic Corridor linking Kolkata-Chennai-Tuticorin. The finance minister promised a feasibility study on this. “In view of the commitment made by the central government under the Andhra Pradesh Reorganisation Act 2014, in the first phase of the study, ADB will focus on the Vizag-Chennai section so that a final view on the Chennai Vizag Industrial Corridor may be taken within the timeline prescribed in the Act and further action taken accordingly,“ a government document said. The Chennai-Visakhapatnam corridor is expected to modernise ports, airports, roads and the rail network along the 800 km coastline. It will also create more gas pipelines and power transmission lines to feed fuel to existing and new industrial clusters and special economic zones in the region. A delegation led by Teresa Kho, country director for ADB in India, recently met Andhra Pradesh government officials and made a presentation on the proposed project, which could cost around Rs.20,000 crore.
The second corridor, the Chennai-Bangalore industrial corridor, hopes to catalyse investments, including in the Seemandhra region. The Japan International Cooperation Agency (JICA) is keen on funding this project.
JICA has submitted an interim report to the Prime Minister and the Embassy of Japan, covering the possible industry development scenario and the industrial nodes. The node development plan will be submitted by March 2015.The corridor will have food processing, automobiles, chemicals, petrochemicals, metallurgical industries, machinery, electronics, textiles, phar maceuticals and electrical machinery, besides IT and financial services.

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