CCEA approves three infra projects worth ₹7,725 crore

Prakash Javadekar. File  

The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved three infrastructure proposals worth ₹7,725 crore for setting up greenfield industrial cities with connectivity to major transportation corridors such as the eastern and western dedicated freight corridors, expressways and National Highways.

The three projects, proposed by the Department of Promotion of Industry & Internal Trade, include construction of various trunk infrastructure components for the Krishnapatnam Industrial Area in Andhra Pradesh with an estimated cost of the project of ₹2,139.44 crore; Tumakuru Industrial Area in Karnataka with an estimated cost of ₹1,701.81 crore; and a Multi Modal Logistics Hub (MMLH) and Multi Modal Transport Hub (MMTH) at Greater Noida in Uttar Pradesh with an estimated cost of ₹3,883.8 crore.

“Envisioned on the backbone of major transportation corridors like Eastern & Western Dedicated Freight Corridors, Expressways and National Highways, proximity to ports, airports, etc., the objective of Industrial Corridor Programme is the creation of greenfield industrial cities with sustainable, ‘plug n play’, ICT enabled utilities to facilitate the manufacturing investments into the country,” an official statement said.

It added that the developed land parcels in these cities will be ready for immediate allotment to attract investments into manufacturing and position India as a strong player in the global value chain.

These projects will generate ample employment opportunities through industrialisation. For the Krishnapatnam node, estimated employment projection on the completion of the first phase of development is likely to be around 98,000 persons, of which about 58,000 persons are likely to be employed at the site. For the Tumakuru node, employment of about 88,500 persons is estimated, out of which 17,700 persons will be from service industries such as retail, offices and other commercial opportunities in the initial development phase, the government said.

It added that the MMLH at Greater Noida will be developed as a world-class facility that will provide efficient storage/transitioning of goods to/from dedicated freight corridors, and offer a one-stop destination to freight companies and customers. The facility will not only provide standard container handling activities but also various value-added services to reduce logistics cost with improved efficiency of operations.

Likewise, the MMTH located near the already existing Indian Railways station of Boraki will act as a transport hub with provisioning of rail and road. It will have space for an Inter State Bus Terminal, a Local Bus Terminal, a Metro transit system, commercial, retail and hotel space, and green open spaces. “The project will provide world-class passenger movement facilities for the growing population of the catchment zone catering to upcoming developments in the U.P. sub-region of NCR (National Capital Region) and thus, decongest Delhi,” it said, adding that the employment generation is estimated to about 1,00,000 persons by 2040 for both these projects.

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Printable version | Apr 15, 2021 8:22:58 PM |

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