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.
