4 Districts to be Manufacturing Hubs

Discussion in 'Economy & Infrastructure' started by Srinivas_K, Jan 28, 2014.

  1. Srinivas_K

    Srinivas_K Senior Member Senior Member

    Jun 17, 2009
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    4 Districts to be Manufacturing Hubs

    Tumkur, Kolar, Bidar and Gulbarga will be designated as National Investment Manufacturing Zones as part of the Central Government’s plans to boost the manufacturing sector.

    This takes the total number of zones to 17, with eight located on the Delhi-Mumbai corridor.

    The Tumkur project has already been approved, and the other projects accorded in-principle approval, Union Commerce and Industries Minister Anand Sharma said on Monday.

    He was addressing the inaugural session of the 20th Confederation of Indian Industry (CII) Partnership Summit. “These will be standalone greenfield industrial cities and are part of our plans to raise the contribution of the manufacturing industry from 16 to 26 per cent of GDP,” he said.

    The state governments will provide the land and the Union government the trunk infrastructure for the projects. Sharma said feasibility studies for the Bangalore-Mumbai infrastructure corridor has been commissioned.

    Chief Minister Siddaramaiah said the state aims to become one of the top three in the country for manufacturing investment and wants the sector to contribute 25 per cent of the state’s GDP by 2025. This would also create 1.5 crore new jobs as well, he said.

    The two industrial corridors (Chennai-Bangalore-Chitradurga and Mumbai-Bangalore), which will pass through Bangalore, are also expected to attract investment to the state.

    The Chennai-Bangalore-Chitradurga corridor is expected to bring in $2.1 billion investment with 2.5 lakh new jobs. It is being implemented jointly by the Centre and the Japan International Cooperation Agency (JICA). The Mumbai-Bangalore corridor is being built with technological and financial assistance from the United Kingdom.

    Sharma takes on Modi, AAP

    Sharma criticised BJP’s prime ministerial candidate Narendra Modi and Delhi CM Arvind Kejriwal for their statements on FDI in multibrand retail sector. Terming their statements ‘irresponsible’, he accused them of trying to create a ‘banana republic’. “FDI policy is the domain of the government. Both the Houses have ratified it and even a three-judge bench of the Supreme Court has endorsed it,” he said. Regarding the chaiwallah comment by Congress leader Mani Shankar Aiyar, Sharma said, “In my opinion, chaiwallah is not an abuse. Modi and the BJP had repeatedly dragged the level of political narrative down. We did not communicate our work and allowed the negative sentiment to build. Now, we will talk and they will listen,” he said.

    4 Districts to be Manufacturing Hubs - The New Indian Express
    janme and feathers like this.
  3. janme

    janme Regular Member

    Nov 16, 2013
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    Mumbai-Bangalore industrial corridor has been approved?

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