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Manufacturing focus: Cabinet nod sought for 2 industrial areas, multi-modal logistics hub

Manufacturing focus: Cabinet nod sought for 2 industrial areas, multi-modal logistics hub

New Delhi: The Department for Promotion of Industry and Internal Trade has sought cabinet nod for two industrial areas and one multi-modal logistics and transport hub, work on which is proposed to begin by next year.

The department has sought the approval of the Cabinet Committee on Economic Affairs (CCEA) for the 2,500-acre Krishnapatnam industrial area in Andhra Pradesh, 1,736-acre Tumkur industrial area in Karnataka and a 1,208-acre multi modal logistics and transport hub in Greater Noida.

“The projects are in an advanced stage of planning and have to be initiated by 2021. The process for approvals has started,” said an official, who did not wish to be identified.

Both Krishnapatnam and Tumkur industrial areas are part of the Chennai-Bengaluru Industrial Corridor while the multi-modal logistics and transport hub in Greater Noida is part of the Delhi-Mumbai Industrial Corridor.

The plan is part of India’s efforts to develop self-sufficient clusters of manufacturing competence by setting up mega parks and industrial clusters in labour intensive sectors with common facilities to reduce costs and improve quality with an aim to address the lack of infrastructure and logistics.

The department has already secured the CCEA’s nod for an 886-acre integrated multi-modal logistics hub at Nangal Chaudhary in Haryana.

These projects are among the 11 industrial corridors that India is developing under the National Industrial Corridor programme to create futuristic industrial cities or smart cities that will be promoted as manufacturing and investment destinations. Comprising 30 projects, the corridors are expected to come up in four phases till 2024-25.

The industrial corridors also include the Delhi-Nagpur Industrial Corridor (DNIC), discussions on whose project development activities will begin soon.

Separately, the government is set to appoint a third-party evaluator for these industrial corridor projects and for centrally sponsored schemes under industrial corridors sectors. The evaluation will focus on how these corridors create greenfield industrial cities and projects, and increase employment potential and industrial output along with India’s export potential.

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