Govt gives shape to five industrial corridors

New Delhi, May 6 (PTI): The government has conceptualised five industrial and economic corridors and all are at different stages of implementation, Parliament was informed today. The corridors are — Delhi-Mumbai Industrial Corridor (DMIC); Bengaluru- Mumbai Economic Corridor (BMEC); Chennai-Bengaluru Industrial Corridor (CBIC); Visakhapatnam-Chennai Industrial Corridor (VCIC) and Amritsar-Kolkata Industrial Corridor (AKIC).


“BMEC, VCIC and AKIC are in the initial stages of implementation whereas master planning for all the three nodes in CBIC and all nodes except for ‘Dadri Noida Ghaziabad’ investment region under DMIC have been completed,” Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha. She said various trunk infrastructure projects like development of roads, drainage, sewage, potable water, water treatment, sewage treatment plant are being developed under DMIC. Replying to a separate question, the minister said the ‘Make-in-India’ programme represents an attitudinal shift in how India relates to investors — not as a permit-issuing authority, but as a true business partner.


“Twenty-five industry related Ministries are working on sector-specific targets, which have been identified by them after detailed discussion with various stakeholders in the National Workshop held on December 29, 2014. Each Ministry has identified action plan for the next one year and three years,” she added. The ‘Make-in-India’ initiative aims at promoting India as an investment destination and establishing the country as a global hub for manufacturing design and innovation. The initiative also looks at providing a congenial environment to the business community so that they can devote their effort, resources and energy to productive work. “A number of steps have been taken by the government to improve ease of doing business. Rules and procedures have been simplified and a number of products have been taken off licensing requirements,” she said.