** Sagar Sandesh print version ceases to be published from December 31, 2017. New look E-paper would be available from Jan. 1, 2018 onwards. free of cost.**

Southern states lag behind in industrial corridor projects

While the work on the massive dedicated corridor between Mumbai and Delhi which will help to usher in an industrial revolution in North and western parts of the country, is nearing completion, the pace of work on the Chennai Bengaluru and Visakhapatnam Chennai corridors conceived during the same time has been slow and limping and is expected to take several years to take shape.

Though the Chennai Bengaluru corridor was approved by the Union cabinet nearly two years ago, the preliminary exercise of identifying the consultants for the Ponnery and Tumkur industrial nodes in Tamil Nadu and Karnataka has just been initiated. After the selection of consultants, they have to prepare a Detailed project report for the project

While Andhra Pradesh is slightly ahead of the other southern states with Krishnapatnam port taking the lead to form a Special Purpose Vehicle, the exercise can start at Ponnery and Tumkur only after the respective governments make available land for the purpose.

Unlike the Mumbai Delhi and Ludhiana Calcutta corridors, the Chennai Bengaluru and Visakhapatnam Chennai corridors will not have dedicated railway tracks for freight trains; this will be a great disadvantage for the corridors in south India say industry experts

The institutional and financial structure for various industrial corridor projects in the country, including the Chennai-Bengaluru Industrial Corridor (CBIC) project, was approved by the Union Cabinet in December 2016. The government is taking forward the development of the CBIC project in coordination with the concerned state governments. The process relating to detailed master planning and preliminary engineering has been initiated for the Krishnapatnam node identified in the state of Andhra Pradesh.

The process for selection of consultants for detailed master planning and preliminary engineering for Tumkur node in Karnataka and Ponneri node in Tamil Nadu has been initiated. Activities for formation of SPV for Krishnapatnam node have also been initiated. SPVs for Tumkur and Ponneri nodes will be incorporated after the land is made available by the concerned states and execution of Shareholder’s Agreement and State Support Agreement by them.

The Minister of State for Commerce and Industry, Mr C. R. Chaudhary, gave this information in the Rajya Sabha, last week.

Copyright © 2018 PORT TO PORT - Shipping Services Portal ( Sagar Sandesh ). All rights reserved.

Follow Us