Industrial Corridors

Last Update: August 2024 (Industrial Corridors)

Table of Contents

This article deals with ‘Industrial Corridors.’ This is part of our series on ‘Economics’ which is an important pillar of the GS-3 syllabus. For more articles, you can click here.

Introduction

To give impetus to the industrial sector in India, the Government of India is building a large number of Industrial Corridors.

1. DMIC – Delhi Mumbai Industrial Corridor

In 2006, an MoU was signed between India & Japan regarding this.
The project is funded by Japan and is worth more than $90 billion.
The aim is to spur economic growth in the surrounding areas, create jobs, and remove infra bottlenecks.
Indian Railways is also constructing Western Rail Freight Corridor to extract maximum leverage out of DMIC.
It covers 7 states and UTs i.e.
1. Delhi
2. Haryana
3. UP
4. Rajasthan
5. Gujarat
6. MP
7. Maharashtra

2. Amritsar-Kolkata Industrial Corridor (AKIC)

AKIC project involves developing the 150-200 km band on either side of the Eastern Dedicated Freight Corridor (EDFC) to Industrial Corridor in a phased manner.
It is funded by the Government of India.
The aim is to spur economic growth in the surrounding areas, create jobs, and remove infra bottlenecks.
It covers 7 states, i.e.
1. Punjab
2. Haryana
3. Uttarakhand
4. Uttar Pradesh
5. Bihar
6. Jharkhand
7. West Bengal

3. Bengaluru-Mumbai Economic Corridor (BMEC)

It is funded by the United Kingdom.
It covers the states of Maharashtra and Karnataka.

4. Chennai – Bengaluru Economic Corridor

It is funded by Japan.
It covers Karnataka, Andhra Pradesh & Tamil Nadu.

5. Eastern Coast Economic Corridor

Eastern Coast Economic Corridor links Kolkata-Chennai-Tuticorin.
This project is funded by Asian Development Bank.