Hi, the New budget presented for the year has reaffirmed this industrial corridor and will get more weight age in the future.. A National industrial corridor Authority too will be set up that will further give a direction and governance to the industrial corridor.
According to sources, The detailed project report is being prepared and would be ready by the year end. The JICA is preparing the project report. It will study all the details of the project such as the total outlay and the mode of funding. The master plan for CBIC is also being done for 2030 and is expected to be finalised by June 2014.
The CBIC project has been witnessing high prominence from both the Governments of India and Japan. The project is important to Japan because, more than 400 companies from Japan, including Nissan and Toshiba, have set up their facilities at Chennai, for which better roads are necessary to ensure smooth movement of goods.
The last news I got was that Japanese firms have been asking for a better connectivity between Chennai and Bangalore but things were not happening properly, so they approached the Prime Minister’s office for help. Finally If I am not wrong then the Japanese team has began the spadework for Chennai-Bangalore corridor project.
The CBIC project only involves two states- Tamil Nadu and Karnataka. Though this corridor is not likely to benefit industries in Karnataka much, it would offer world-class connectivity to a port (Chennai) in the Bay of Bengal. The corridor from Chennai to Bangalore is proposed to pass along places including Sriperumbudur, Ranipet, Palamaner, Bangarpet, Hoskote, etc.
The CBIC project proposal has raised enthusiasm in the south Indian states as it offers immense development potential to the Southern region. While the Andhra Pradesh government has been requesting to extend the project till the Krishnapatnam port, the Karnataka government is seeking for the inclusion of Chitradurga as a manufacturing hub has been planned between Chitradurga and Tumkur.
It has been planned that the first phase of CBIC will connect Chennai and Bengaluru, and then in a later stage it will be extended to Andhra Pradesh as well.