Big-buck investments are expected to take place in the upcoming industrial corridor projects in the southern states, says Mr B. Suresh, President and CEO, Mahindra Consulting Engineers.
Speaking at a seminar organised here by the Confederation of Indian Industry, Mr Suresh said the Coimbatore-Tirupur-Namakkal-Erode-Salem corridor is expected to attract investment of Rs 14,711 crore to create infrastructure, which will create investment opportunities to the tune of Rs 43,188 crore. The Madurai-Tuticorin-Tirunelveli corridor will attract Rs 40,105 crore to create infrastructure, will create investment opportunity of Rs 1.90 lakh crore and create employment for 18 lakh. Infrastructure in these corridors will be created in association with private partners, he said.
The CII will play a facilitating role to promote the concept of integrated approach of regional industrial corridors and facilitate formation of a tri-partite alliance with the Governments of Andhra Pradesh, Karnataka and Tamil Nadu.
The CII South and the State Governments will appoint a consultant to study and identify industrial clusters, locations and gaps in infrastructure.
Respective State Governments will formulate industrial policies in line with the recommendations of the study, said Dr Esther Malini Victor, DGM, Roads and Bridges, L&T - ECC, at a CII conference on industrial corridors.
A separate study will examine the techno-economic viability of providing inter-city high speed corridors in the southern region.
An approach paper will be sent to the Ministry of Industries, GoI, to support regional industrial corridors with inter-city rail connectivity for possible funding, she added.
According to Mr K. Srikanth, Vice-President, Toyota Kirloskar Motor, the government of Tamil Nadu and the Japanese company group are working together on improving the access road of Ennore/Chennai port for industrial growth.
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