Vizag-Chennai Industrial Corridor to Boost Andhra Pradesh's Industrial Activity
11 January 2016
A potential Asian Development Bank (ADB) loan of $625 million will boost the planned $840 million Vizag-Chennai Industrial Corridor (VCIC). The industrial corridor is expected to contribute to India's manufacturing growth campaign – the 'Make in India' initiative.
VCIC will be part of the proposed East Coast Economic Corridor being developed between Kolkata and Tuticorin, anchored on an 800-kilometer section of National Highway 16. The planned VCIC project will develop 4 nodes catering to extensive industrial activity, and will be equipped with:
- Infrastructure for urban services,
- Transport connectivity between the industrial nodes, and
- Power transmission and distribution network.
The VCIC project is expected to double industrial output and improve productivity in Andhra Pradesh by 30% over the next 2 decades, according to data from ADB discussed at the Confederation of Indian Industry Partnership Summit plenary session 'Sunrise Andhra Pradesh,' held on 11 January 2016.