The Department of Industrial Policy and Promotion (DIPP) along with Japan International Cooperation Agency (JICA), who are the official consultants of the project, on Tuesday announced the launch of the study for the Chennai-Bengaluru-Chitradurga corridor.
The study will cover an area of 560 Km spread across the States of Karnataka, Andhra Pradesh and Tamil Nadu, along the corridor between Chennai-Bengaluru-Chitradurga and will cost about Rs. 60 crore. The study will help in arriving at the total cost of the project.
The study team will prepare a comprehensive regional perspective plan for the region, along with developing strategy for transforming the region into a globally competitive investment destination through discussions among government/governmental agencies and the private sector of both India and Japan. The study team will also identify suitable nodes to be taken up for industrial development within the target and prepare Master Plan and Development Plan for at least two selected Industrial nodes, along with techno economic feasibility study of early bird projects in the two nodes.
According to Shinya Ejima, chief representative of JICA in India developing the infrastructure around CBIC was very important for creating the industrial belt on Chennai-Bengaluru corridor. ``Improved infrastructure is immensely important for attracting investment in the region which will fuel employment and comprehensive development of the whole region,’’ he added.
