Budget 2014 : 5 Industrial Corridors to look for
Along with newly proposed Vizag-Chennai Industrial corridor, five industrial corridors will be developed. This will have a huge impact on the industrial real estate on the country. There will be an increase in the demand of warehousing and storage. The five corridors pass through many existing industrial clusters and industrial towns and cities. Thus, these cities and towns will be the investment regions and impact areas in terms of industrial and residential real estate in the times to come. Further, the government has proposed setting up of NICA (National Industrial Corridor Authority), which will be responsible for the execution and management of these 5 industrial corridor projects.
| Impact Region | |||||
| Corridor Name | State | cities and towns | Purpose | Proposed on | Stage |
|
Delhi-Mumbai Industrial Corridor
|
Uttar Pradesh | Dadri, Noida, Ghaziabad, Meerut, Muzaffarnagar |
The vision is to create a strong economic base in India which can sustain in the globally competitive environment and enhance local commerce and foreign investments. The goals are mainly concerned with the economic development of the region. To improve the employment potential, increase the industrial output by three times and also to increase the exports by four times in just five years.
|
2011
|
Phase 1 (2014-2019)
|
| Haryana | Faridabad, Palwal, Manesar, Bawal, Kundli, Sonepat, Rewari, Hissar | ||||
| Rajasthan | Kushkhera, Bhiwadi, Neemrana, Jaipur, Dhausa, Ajmer, Kishangarh, Rajsamand, Bhilwara, Pali, Marwar | ||||
| Gujarat | Vadodara, Ankleshwar, Baruch, Dahej, Ahmedabad, Dholera, Surat, Navsari, Valsad, Umbergaon | ||||
| Madhya Pradesh | Pitampura, Dhar, Mhow, Nimach, Nayagaon, Shahjapur, Dewas, Ratlam, Nagda | ||||
| Maharashtra | Alewadi, Igatpuri, Nahik, Sinnar, Dhule, Nardhana, Pune, Khed | ||||
|
Amritsar-Kolkata Industrial Corridor
|
Punjab | Amritsar, Jalandhar, Ludhiana |
The industrial corridor is expected to boost the manufacturing and agriculture sectors, apart from creating major infrastructure in these areas.
|
2011
|
Plan approved in Jan 2014
|
| Haryana | Delhi | ||||
| Jharkhand | Hazaribagh, Dhanbad | ||||
| Bihar | Patna | ||||
| West Bengal | Asansol, Durgapur and Kolkata. | ||||
| Uttar Pradesh | Ambala, Saharanpur, Roorkee, Moradabad, Bareilly, Aligarh, Kanpur, Lucknow, Allahabad, Varanasi | ||||
|
Bangalore-Mumbai Industrial Corridor
|
Karnataka | Tumkur, Chitradurga, Davanagiri, Haveri, Dharwad, Belgaum |
2011
|
Planning stage
|
|
| Maharashtra | Mumbai, Pune, Kothapurr | ||||
|
Chennai-Bangalore Industrial Corridor
|
Tamil Nadu | Chennai, Sriperumbudur, Ponnapanthangal, Ranipet |
2011
|
Planning stage, Plan will be out by March 2015
|
|
| Andhra Pradesh | Chittoor, Bangarupalem,Palamaner | ||||
| Karnataka | Bangarpet, Hoskote and Bangalore | ||||
| Vizag-Chennai Industrial Corridor | Andhra Pradesh | Nellore, Chennai, Vijayawada, Vizag, Chittoor, Anantapur, Rajhamundry, Kakinada | It is one of the key SOP’s by Central Government as part of the special package to Andhra Pradesh in the AP Reorganisation Act | May.2014 | Planning stage |
The above mentioned cities and towns will now be developed into potential investment regions along with good facilities. Thus, we at CommonFloor over the next few days will try to analyse the impact and growth perspective of these industrial corridors. For in-depth coverage, keep reading CF’s series of articles on the same.
