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Extend the Vizag Chennai industrial corridor to north and south; Nirmala Sitaraman

India today asked the Asian Development Bank to extend the truncated Visakhapatnam Chennai Industrial corridor both on the northern and the southern side to cover up to Kolkatta and Kanyakumari. At present the truncated corridor covers only the state of Andhra Pradesh. The bank has agreed to invest up to five billion US Dollars on the East Coast Industrial Corridor during the next five years.

Commerce Minister Nirmala Sitaraman who met ADB President Takehiko Nakao on June 29 told him that the Northern extension of Visakhapatnam Chennai industrial corridor to cover Odisha and West Bengal was important and that the bank should accelerate the work on the project.

She also made a mention of the extension of the Corridor on the southern side up to Kanyakumari and to the proposed port at Colachel.

She also discussed the progress of the Visakhapatnam Chennai Industrial corridor project and said implementation the project should be monitored closely and timelines adhered to.

Commerce Minister. Nirmala Sitharaman welcomed and appreciated the ADB’s efforts for infrastructure development in India.                  

The ADB President also discussed the progress made on the East Coast Economic Corridor (ECEC). Mr. Nakao appreciated the Government reforms towards the GST implementation and termed them as historic.  Detailed discussions were held on various aspects of GST implementation. 


Mr. Hun Kim, Director General, South Asia Department, ADB, mentioned that the bank is willing to step-up investment up to US$ 5 Billion over next five years for development along the ECEC.


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