About Chennai-Bangalore Industrial Corridor
The industrial corridor is being developed in two phases.The first phase will run from Chennai to Sriperumbudur and then to Ranipet. The second phase starts at Ranipet to reach Bangalore through Hosur. Industrial parks, Special Economic Zones, information technology parks and integrated townships are expected to come along the corridor.
Key Advantages
Salient features:
The industrial corridor is being developed in two phases.The first phase will run from Chennai to Sriperumbudur and then to Ranipet. The second phase starts at Ranipet to reach Bangalore through Hosur. Industrial parks, Special Economic Zones, information technology parks and integrated townships are expected to come along the corridor.
Key Advantages
- With plans of a bullet train, a six-lane road and an extension of the metro rail from Chennai to Bangalore, the two cities are coming closer .Sriperumbudur to the west of Chennai is already the most industrialised zone in Tamil Nadu.The government has allocated Rs.3 billion to upgrade two key highways - the industrial artery to Sriperumbudur which is destined to become a six-lane highway and the Rajiv Gandhi Road or the Old Mahabalipuram Road, now known as Chennai's IT highway, says Tamil Nadu's industry secretary Shaktikanta Das.
- The Madras Export Processing Zone (MEPZ) has submitted a detailed development plan to the Ministry of Railways for rail connectivity to Sriperumbudur, about 80 km from here.
- Approval for a railhead near Sriperumbudur, linking it with south Chennai, and a second line to access Ennore and Chennai ports are in the offing. Two other roads are being made to link SEZs in the Sriperumbudur-Kancheepuram area with the airport.
- A third rail line is to link technology parks and IT companies like TCS, Satyam and Wipro along the Rajiv Gandhi Road to Siruseri, a fast-emerging SEZ.
- In the offing is also the Rs.50.6 billion Chennai Metro Project to link Chennai to Sriperumbudur.
- Sriperumbudur and Chennai are home to 110 automobile and ancillaries industries. Tamil Nadu exports auto components worth about $250 million per year.
- Mahindra World City, 30 km from Chennai airport, is monitored by the MEPZ and has about 80 companies including the TVS Group and BMW. The companies here hope to export products worth Rs.80 billion by 2012.
- Chennai airport is south India's largest airport with more than 270 passenger flights and more than 30 cargo flights out of it every week.
- Tamil Nadu has been lobbying for a bullet train between Bangalore and Chennai, 450 km apart, for some years. At present, it takes about four hours by train to travel between the cities.
Salient features:
- Where to where: Chennai-Sriperumbudur-Ranipet-Hosur-Bangalore
- Potential for investment of at least $25 billion
- Karnataka would like corridor from Chennai to Mumbai, passing through Bangalore, Davangere and Hubli-Dharward
- Pluses: Skilled manpower and infrastructure facilities
- Bangalore’s strength is in IT, Chennai’s edge lies in automobile tech, manufacturing and electronics