The development of Chennai-Bangalore Industrial Corridor has been welcomed by industrialists, traders and politicians.
Union Shipping Minister G K Vasan said the freight Corridor will alleviate the logistic sector and facilitate evacuation of cargoes from Chennai, Ennore and other ports.
Takayuki Ishida, MD and CEO of Nissan Motor India, expressed his happiness on the announcement of Corridor. “We are happy about the Chennai-Bangalore Industrial Corridor to be developed jointly by the Department of Industrial Policy and Promotion (DIPP) and the Japan International Cooperation Agency (JICA),” he said. The corridor will also be developed in collaboration with the governments of Tamil Nadu, Andhra Pradesh and Karnataka.
“This industrial corridor will play an important role in terms of logistics infrastructure for companies like ours that are present in the said region,” he added.
Federation of Indian Chamber of Commerce and Industry hailed the announcement of the project. Five business hubs have been identified along the corridor like Sriperumbudur in Tamil Nadu, Palamaner and Chittoor in AP and Hoskote and Bangarpet in Karnataka. Steel, cement, food processing, information technology, automobile zone, readymade garment zones, petroleum, chemicals and petrochemicals complex were some zones expected along the business hub.