Cabinet approves Industrial Corridor nodes at Krishnapatnam and Tumakuru under CBIC

Cabinet approves Industrial Corridor nodes at Krishnapatnam and Tumakuru under CBIC

Part of: GS Prelims and GS-III – Infrastructure

In news 

• Cabinet has approved Industrial Corridor nodes at Krishnapatnam and Tumakuru under Chennai Bengaluru Industrial Corridor (CBIC). 

• Multi Modal Logistics Hub & Multi Modal Transport Hub (MMTH) at Greater Noida was also approved. 

• The approved proposals have a total estimated cost of Rs. 7,725 crore and an estimated employment generation of more than 2.8 lakh persons. 
• These will facilitate manufacturing investments into the country by providing quality, reliable, sustainable and resilient infrastructure to industries
• These will also position India as a strong player in Global Value Chains with developed land parcels in cities for immediate allotment for attracting investments
• Approved proposals shall provide an impetus to “Aatmanirbhar Bharat” & “Make in India”. 

Key takeaways 

Multi Modal Logistics Hub

• Logistics Hub project will be developed as a world-class facility that will provide efficient storage of goods to/from the Dedicated Freight Corridors (DFC). 
• It will offer a one-stop destination to freight companies and customers. 
• The facility will provide standard container handling activities. 
• It will also provide various value-added services to reduce logistics cost with improved efficiency of operations.

Multi Modal Transport Hub (MMTH) project

• It will be located near the already existing Indian Railways station of Boraki. 
• It will act as a transport hub with provisioning of Rail, Road and MRTS accessibility for the passengers in a seamless manner. 
• MMTH will have space for Inter State Bus Terminal (ISBT), Local Bus Terminal (LBT), Metro, commercial, retail & hotel space and green open spaces. 
• The project will provide world-class passenger movement facilities for the growing population of the catchment zone catering to upcoming developments in U.P. sub-region of the NCR and thus, decongest Delhi. 
• It will increase employment opportunities as well. 

Industrial Corridor nodes at Krishnapatnam and Tumakuru under CBIC

• It is envisioned on the backbone of major transportation corridors like Eastern & Western Dedicated Freight Corridors, Expressways and National Highways, proximity to ports, airports, etc., 

• Objective: Creation of greenfield industrial cities with sustainable, ‘plug n play’, ICT enabled utilities to facilitate the manufacturing investments by providing quality, reliable, sustainable and resilient infrastructure to industries. 

• The developed land parcels in these cities will be ready for immediate allotment for attracting investments.

• It strives to attain the objective of creation of an “Atmanirbhar Bharat”

• These greenfield industrial cities will be self-sustained with world-class infrastructure, road and rail connectivity for freight movement to and from ports and logistic hubs along with reliable power and quality social Infrastructure.