With two proposed industrial
corridors crisscrossing Chennai, the capital of Tamil Nadu could emerge the
beehive of industrial activity in southern India
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. 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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