UK to help India build industrial corridor Mumbai to Bangalore

Discussion in 'Economy & Infrastructure' started by LETHALFORCE, Feb 19, 2013.

  1. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    UK to help India build ‘mega-project’ - FT.com



    British Prime Minister David Cameron has announced that India and the UK will build a new industrial corridor between Mumbai and Bangalore, in one of India’s most ambitious infrastructure projects.

    Speaking in Mumbai at the start of a three-day visit to Asia’s third-largest economy, Mr Cameron said the project could involve entirely new cities in addition to road, rail and telecommunications connections, and special economic zones designed to foster business development.

    The proposed route would connect India’s financial centre of Mumbai, and then travel through the car hub of Pune before terminating in the technology capital of Bangalore along a route of approximately 1,000km.

    The UK predicted “investment projects worth $20-25bn”, although it did not give a detailed breakdown of this estimate. Three people familiar with the idea’s development said that figures of more than $60bn had been discussed during its planning stages.

    The project would be India’s second major industrial corridor “mega-project”, following a $90bn Japanese-funded plan between Delhi, the capital, and Mumbai, involving companies such as Hitachi, Mitsubishi and Toshiba.

    However, the Delhi-Mumbai project has been dogged by bureaucratic difficulties and delays since it was announced in 2006. Its delivery date has been pushed back to 2017 at the earliest, leading to doubts that the new Indo-British venture could be speedily completed.

    “It is a grand, ambitious project but it will have lots of problems of land acquisition and so on, and it is quite likely things will get delayed,” said Professor Rajesh Chakrabarti, head of the Bharti Institute of Public Policy at the Indian School of Business in Bangalore.

    “The government has faith in these mega-projects partly because they think they are efficient, and they hope that their effects will trickle down to those in the hinterland . . . but the extent to which this actually happens remains to be seen.”

    British companies including engineering consultants Arup and infrastructure group Balfour Beatty have been involved in developing the project, and the two governments plan to announce this week a £1m co-funded feasibility study. After that is completed, the UK will further clarify the details of its contribution.

    UK higher education minister David Willetts, who is accompanying the prime minister on his visit, said Britain was well placed to provide technical advice and financial support for a venture on such a scale.

    “London is the world’s greatest centre for the master planning of cities and industrial zones, with expertise in transport systems, structural engineering and architecture,” he told the Financial Times.

    “The UK was also the world’s first country to undergo the revolution of urbanisation, when in the 19th century more people in Britain began living in urban than rural areas, something that only recently happened to the rest of the world. So we have a century of experience in this.”

    In addition to the risks of delays from India’s complex bureaucracy, critics argue that special economic zones linking major urban centres often displace economic activity, while attracting workers even in the absence of adequate housing.

    However, Terry Hill, chairman of Arup, who has been closely involved in the planning of the initiative, rejected this assertion, suggesting the project would involve extensive education and healthcare investment, in addition to transport, ports, IT and power.

    “As well as the economic impact of hubs, we will also be considering the importance of social development along the spine between the cities,” he said. “We will ensure this project is in the business of city-building, not slum-building.”
     
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  3. Yusuf

    Yusuf GUARDIAN Administrator

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    India should lap it all up without delays. I really can't understand why these babus delay such projects that can give a major boost to Indian manufacturing sector. We need to up the role of manufacturing in GDP.
     
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  4. panduranghari

    panduranghari Senior Member Senior Member

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    Totally. Shocking. They are hoping that by delaying bribes will be paid.


    Sent from my iPhone 5 using Tapatalk
     
  5. Singh

    Singh Phat Cat Administrator

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    what happened to the 100billion$ Delhi Mumbai corridor and the 1 trillion $ infrastructure investment ?
     
  6. Apollyon

    Apollyon Führer Senior Member

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  7. Yusuf

    Yusuf GUARDIAN Administrator

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    Well that's obvious. $10 billion project and these days people are looking at 10-20% of kickbacks. The effing jackasses have to be ousted. Only a sound manufacturing base can propel India. It's the solution to pulling people out of poverty, advancing technologically, developing as a society whatever. History is proof that only the best manufacturers ruled the world.
     
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  8. roma

    roma NRI in Europe Senior Member

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    all religions in india should have united prayers sessions - for exactly that to happen as soon as possible !
     
  9. LordOfTheUnderworlds

    LordOfTheUnderworlds Regular Member

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    I hope all the jungles are preserved, all environmental laws are followed strictly and there is minimal loss of fertile land. these things are not optional, we have to live with whatever resources are available.
    also such project should be extended along entire golden quadrilateral and north south and east west corridors. Kashmir to kolkata corridor should be given priority.
     
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  10. thakur_ritesh

    thakur_ritesh Administrator Administrator

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    We tend to talk big, deliver less. This being 2013, when the proposal gets official, 2030 would be a fairly reasonable year to expect some sort of completion of at least the 1st phase of the project.

    Only if we could be efficient!

    That said, excellent news none the less, and high time manufacturing was given the highest priority the coming budget and the following.
     
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  11. parijataka

    parijataka Senior Member Senior Member

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    Very important - +1 :namaste:

    Industry in India means poor villagers turned destitute, water sources turned to sewers and unplanned growth of towns and cities.
     

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