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Ponneri, a suburb to the north of Chennai, will get a ₹13,314-crore infrastructure upgrade as part of the development of the Chennai-Bengaluru Industrial Corridor.
The Tamil Nadu Chief Minister, J Jayalalithaa, announced in the Assembly today that a 21,996-acre area covering 10 villages in Ponneri in Thiruvallur district will be developed as the Ponneri Industrial Node. This will developed in three phases over the next 20 years.
In the first phase between 2016 and 2019 over ₹ 13,314 crore will be spent on the development of the node, she said. She said the Tamil Nadu Government had announced in 2012 that the Chennai-Ranipet and Ranipet-Hosur stretches will be developed as industrial corridors. These have now been integrated as part of the CBIC.
Ponneri, about 35 km to the north of Chennai, is one of the three industrial nodes identified for development in the CBIC corridor. The other two nodes are Tumkur in Karnataka and Krishnapatnam in Andhra Pradesh.
Japanese assistance The CBIC project, along the lines of the Delhi-Mumbai Industrial Corridor, is aimed at driving industrial development and job generation and is supported by the Government of India and Government of Japan.
The Japan International Cooperation Agency recently announced the completion of the master plan for the development of the industrial nodes. The master planning was done by a JICA study team comprising PwC and Nippon Koei.
Master plan According to the master plan, the Ponneri node will be developed as a hub for auto and auto components industry, machinery, chemicals and petrochemicals, computers, electronic and optical components. It has the advantage of two major ports – L&T’s Kattupalli port and the Kamarajar port in Ennore. Road and rail connectivity will also be enhanced to the port and to the rest of the region.
The developments in the node will aim at consistent supply of utility services, modern transportation infrastructure, cost competitiveness for industry and economic and environment sustainability.
Over the three phases of development the total investment in infrastructure is envisaged at about ₹ 32,713 crore with equity of about ₹ 12,592 crore, internal accruals of ₹ 10,307 crore and debt of ₹ 9,814 crore.
Over 40 per cent of the cost will be towards land acquisition, 17 per cent to land development, 19 per cent to water and effluent treatment and 10 per cent each to roads and power infrastructure.
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