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An industrial corridor is a package of infrastructure spending allocated to a specific geographical area, with the intent to stimulate industrial development. [ 1 ] An industrial corridor aims to create an area with a cluster of manufacturing or another industry.
Corridors can reduce production costs due to lower transportation and communication expenses, smooth connections between industrial chains, and shortened delivery times. [6] At the same time, they can promote the development of other local industries, such as tourism and hotels .
The Union Cabinet approved the Palakkad industrial city, part of a 12-city initiative under the National Industrial Corridor Development program. The city will be built on 1,710 acres, with an estimated investment of ₹28,602 crore. Palakkad is a key component of the Kochi-Bengaluru industrial corridor, expected to attract ₹10,000 crore in ...
The Chennai-Bangalore Industrial Corridor Project is an upcoming mega infrastructure project of Government of India.The corridor plans to come up along Chennai, Sriperumbudur, Ponnapanthangal, Ranipet, Suburbans of Vellore, Chittoor, Bangarupalem, Palamaner, Bangarpet, Hoskote and Bangalore.
Economic Corridors of India or Industrial Corridors of India, 44 corridors 26,200 km (16,300 mi) were identified and 9,000 km (5,600 mi) will be taken up in phase-I, they exclude 6 National Corridors, they include: [17] 66 8,000 km (5,000 mi) inter-corridors (IC) & 116 7,500 km (4,700 mi) feeder routes (FR) were identified for Bharatmala.
The Industrial Policy Framework for the State of Telangana recognizes that Industrialization is recognized as a key source of the economic growth and development of the Indian state of Telangana. This framework came into force on 1 December 2014.
Visakhapatnam–Chennai Industrial Corridor (VCIC), also Vizag–Chennai Industrial Corridor, is a key part of the East Coast Economic Corridor (ECEC), India's first coastal corridor. VCIC is aligned with the Golden Quadrilateral and is poised to play a critical role in driving India’s Act East Policy and Make in India campaign.
A trade route is a logistical network identified as a series of pathways and stoppages used for the commercial transport of cargo. The term can also be used to refer to trade over bodies of water.