Chennai-Bangalore
Industrial Development Corridor
Considering
to be one of India’s biggest megaproject, the Chennai-Bangalore Industrial
Development Corridor is said to increase the quality of the infrastructure area
between Chennai and Bangalore. “The strategy to develop CBIC is part of the
plan to achieve accelerated development, regional industry agglomeration in the
states of Tamil Nadu, Karnataka and Andhra Pradesh and to facilitate
development of a well-planned and efficient industrial base by providing smooth
access to the industrial production units, decreased transportation logistics
costs along with an improved delivery time and reduction in inventory cost and
ensure increased private investments in manufacturing and industrial activity
in the three states” (DIPP).
As
expected, this project would give a lot of financial benefits to every
stakeholder involved. And this project spreads its economic influence not just
over the two targeted states. The Kerala Chief Minister had stated that the
project would give direct employment to about 10,000 people and can also
attract investment of Rs 10,000 crore from private agencies.
A picture of the proposed industrial corridor (Image Credits: Deccan Herald)
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