Two new indl corridors planned in Tamil Nadu

The two new, proposed industrial corridors in Tamil Nadu are expected to attract investments over Rs 1.95 lakh crore. The corridors are meant to aid dispersal of industrial investments and development of greenfield infrastructure projects in the southern part of the state.

Addressing a conference on industrial corridors in southern region organised by the Confederation of Indian Industry (CII), N Sundaradevan, state industries secretary said the state government was planning a Chennai-Bangalore industrial corridor along the traditional route of Chennai-Ranipet-Hosur-Bangalore.

It would be different from the corridor mooted by the Central government along three national highways linking Chennai to Bangalore through Nellore and Chitradurga.

Tamil Nadu was also planning to develop Chennai-Madurai-Tuticorin-Tirunelveli corridor and Coimbatore-Salem corridor.

According to B Suresh, president and CEO, Mahindra Consulting Engineers Ltd, which recently submitted a report on the two corridors, said the Coimbatore-Tirupur-Namakkal-Erode-Salem corridor is expected to attract investment to the tune of Rs 14,711 crore to create infrastructure alone, which in turn will create investment opportunity of Rs 43,188 crore overall.

This corridor would attract industries including agriculture, manufacturing, education, information technology and special tourism investment zone.

The other corridor Madurai-Tuticorin-Tirunelvei corridor will attract Rs 40,105 crore to create infrastructure and in turn it will create investment opportunity of Rs 1.9 lakh crore and would create employment for 1.8 million people.

Infrastructure in both the corridors will be created in association with private partners, said Suresh.