Chennai-Bengaluru Industrial Corridor to need $181 bn investment over 20 years: plan report

The proposed Chennai-Bengaluru Industrial Corridor (CBIC) would require an investment of around $181 billion over the next 20 years, with major chunk needed towards energy and transport, according to the Integrated Master Plan.

The Integrated Master Plan for the Chennai-Bengaluru Industrial Corridor has been prepared by PwC and Nippon Koei under the aegis of Japan International Cooperation Agency (JICA).

CBIC aims to achieve 15% per annum growth in manufacturing to meet National Manufacturing Plan targets. Eight Nodes have been identified based on land availability and growth potential.

Three Nodes, including Ponneri (as engineering hub for auto & machinery), Tumakuru (advanced technology centric industrial) and Krishnapatnam (for resource-driven industries) have been selected for prioritised implementation.

 

The National Industrial Corridor Development Authority (NICDA), which is to oversee all industrial corridor development in India including DMIC, will act as a project development partner to all SPVs and state government agencies for implementation of industrial cities/projects in the various industrial corridors for the CBIC region.  

CBIC corridor unit will be formed below NICDA.

Key central agencies such as National Highways Authority of India, Ministry of Shipping & Railway Board will be represented on the NICDA Board. They may form special cells within each department to facilitate planning, implementing and monitoring of critical external infrastructure projects.

The PMO and Japan embassy will form the apex level monitoring body.

Each state government will form SPV (Special Purpose Vehicle) for node development as the local area authority.