INSUBCONTINENT EXCLUSIVE:
Chennai Kanyakumari industrial corridor is a part of the East Coast economic corridorTamil Nadu Industrial Corridor: The Asian Development
Bank (ADB) and the central government signed a $484 million loan in order to improve the transport connectivity and facilitate the
industrial development in Chennai–Kanyakumari Industrial Corridor or CKIC in Tamil Nadu
According to a statement released by the Ministry of Finance on Wednesday, June 16, the roadway infrastructural project stretches from West
Bengal to Tamil Nadu and connects the country to the production networks of Southeast, South, as well as East Asia
(Also Read: Asian Development Bank Approves ₹ 3,533 Crore Loan For Tamil Nadu Industrial Corridor )According to the statement, the Asian
Development Bank is the lead partner of the central government in developing the country's East Coast economic corridor or ECEC
The Chennai–Kanyakumari industrial corridor is a part of the East Coast economic corridor.The project will redevelop about 590 km of
the state highways in the areas impacted by the Chennai-Kanyakumari industrial corridor
It will boost road connectivity across the industrial clusters, transport gateways, as well as consumption centers
This will help in reducing the cost of logistics and production for the corridor's targeted industries.In the redevelopment project of
the highways, various activities such as climate change adaptation measures, improved drainage system, resizing of culverts and bridges,
raised road embankments in the critical areas will be taken up. The influenced areas which are a part of the industrial project cover 23 of
the 32 districts between Chennai and Kanyakumari in Tamil Nadu
Improved connectivity of the industrial hubs with hinterland and ports will significantly help in increasing the participation of the
country's manufacturing in global production networks, as well as in global value chains
This is likely to create more jobs along the corridor.The industrial corridor will also conduct road safety improvement programs in the
area through modern technology, for road monitoring, and enforcement.
