South India’s First Industrial Corridor Project Can Attract Investment

Prime Minister, Narendra Modi laid the foundation stone of South India’s 1st Industrial Corridor Project. It will be implemented at Tumakuru (Karnataka), which is spread over 8500 acres of land under the Chennai Bengaluru Industrial Corridor (CBIC).

A statement issued by the Government says that this project will facilitate investments, foster innovation, enhance skill development and build the finest manufacturing ecosystem for pitching India as a global investment destination. Target sectors include textiles and apparel, general manufacturing and others.
The Prime Minister addressed the gathering and said that Tumakuru Industrial Township, while taking forward the vision of Atmanirbhar Bharat, has been planned with a holistic and integrated approach in line with the principles of PM-GatiShakti to address the issue of last mile multi-modal connectivity to the economic zone.
It can be mentioned here that the Government of India, through the National Industrial Corridor Development and Implementation Trust (NICDIT), and the Government of Karnataka, through the Karnataka Industrial Area Development Board (KIADB), have taken up the development of the Industrial Township at Vasanthanarsapura, spread across 8500 acres in three phases in Tumakuru district through the project Special Purpose Vehicle (SPV).
The CBIC project includes the development of industrial townships at three nodes: Krishnapatnam (Andhra Pradesh), Tumakuru and Ponneri (Tamil Nadu). The Tumakuru node has been prioritised for development, with an area of 1736.20 acre being identified as the priority development area.
Based on the principles of last mile multimodal connectivity of PM-GatiShakti, the upcoming industrial township will have world-class infrastructure with Mumbai-Chennai National Highway 48 adjoining the site, Bengaluru International Airport located at a distance of approx.115 km, Tumakuru Railway Station situated at a distance of 25 km and Mangaluru Port at a distance of 300 km and very well connected to the site through NH 48.
Seamless movement of raw materials and finished goods will be ensured by the multi-modal connectivity ecosystem.

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