Scaling New Heights: Vizag-Chennai Industrial Corridor, India’s First Coastal Corridor
This book provides policymakers with a guide to understanding India’s economic corridor development strategy by examining its first coastal economic corridor, the East Coast Economic Corridor. It lays out the plan for its first phase, the Vizag–Chennai Industrial Corridor, which can help unify the country's domestic market, integrate its economy with Asia's global value chains, and support the 'Make in India' initiative to spur manufacturing through construction of world-class infrastructure supported by a major transport network, connecting urban clusters complemented by vibrant industrial zones, and encouraging a favorable and competitive environment for businesses to thrive, and facilitating efficient movement of goods and people. As a policy instrument and development strategy, economic corridors can help fast-track inclusive and sustainable economic growth, stimulate rapid industrialization and increase productivity, promote investments, and expand regional connectivity.
Author: Sabyasachi Mitra, Rana Hasan, Manoj Sharma, Hoe Yun Jeong, Manish Sharma, and Arindam Guha
Tags: Economic Corridor, India, Trade Facilitation, Transport, Employment, Economic Corridor Development, ADB RCI