Industrial corridor nodes at Krishnapatnam and Tumkur
- Recently, the cabinet headed by the Indian Prime Minister has approved industrial corridor nodes at Krishnapatnam and Tumkur and multi-model logistics hubs in Greater Noida under CBIC Multi Model Logistics.
- 7,725 crore has been approved for the development of the Tumkur Industrial Corridor and Logistic Hub in Greater Noida. Both these projects are estimated to generate employment for more than 2.8 lakh people.
What is an ‘Industrial Corridor’?
- The Industrial Corridor is basically a corridor with multi-modal transport services passing through the states as the main route.
- Simply, an industrial corridor is basically a corridor consisting of multimodal transport services, connecting two specific locations passing through different states.
- Industrial corridors provide effective integration between industry and infrastructure, leading to increased economic and social development overall.
- Different sectors of the economy are interdependent and industrial corridors ensure effective integration between industry and infrastructure for this interdependence, so as to lead to overall economic and social development.
World class infrastructures are built in industrial corridors, such as:
- Rapid Transport Network – Rail and Road
- Ports with state-of-the-art cargo handling equipment
- Modern airport
- Special Economic Zone / Industrial Area
- Logistic Park / Transshipment Hub
- Knowledge Park to meet industrial needs
- Complementary infrastructures such as townships / real estate
Source – The Hindu
