Industrial Corridors Development

Meanwhile, UPSIDA has created an industrial land pool of more than 12,000 acres to facilitate faster allotment to private companies

The Maharashtra Government will provide land in Koregaon-Satara area for the proposed Bengaluru-Mumbai industrial corridor, Chief Minister Eknath Shinde said on Thursday. Shinde made the announcement at the first meeting of the apex authority for industrial corridor projects which he attended virtually, a release from his office said here. The industrial corridor project has not taken off due to unavailability of land, hence Shinde announced that land will be provided in Koregaon-Satara belt and acquisition will be made expeditiously, it said. He also raised the issue of expediting the work of a 'bulk drug park' near Dighi port in Maharashtra, and Union finance Minister Nirmala Sitharaman assured at the meeting that a special review of the project will be conducted by October, the release said. Shinde also seconded the proposal of Madhya Pradesh chief minister Shivraj Singh Chauhan about the Varanasi-Mumbai industrial corridor. A textile park, medical park and bulk drug park are .

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The program is a pan-India initiative involving development of 'plug and play' infrastructure which is aimed at boosting manufacturing ecosystem in the country, Goyal said

The government has approved 11 such corridors consisting of 32 projects to be developed in four phases

The proposals have a total estimated cost of Rs 7,725 crore and an employment generation potential of over 280,000

According to the note of the Department for Promotion of Industry and Internal Trade (DPIIT), these projects are at different stages of implementation

The Chennai-Kanyakumari Industrial Corridor is part of the East Coast Economic Corridor in Tamil Nadu

The total cost of the project is $653.5 million, of which the government will provide $202.5 million

An industrial corridor is a package of infrastructure spending allocated to an area, to stimulate industrial development