Industrial Corridors

Industrial Corridors

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.

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

Delhi Mumbai Industrial Corridor

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

Amritsar-Kolkata Industrial Corridor

3 . Bengaluru-Mumbai Economic Corridor (BMEC)

  • The United Kingdom funds BMEC.
  • 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.