Cabinet approves three proposals from DPIIT worth US$1.05bn

The Cabinet, chaired by PM Modi, has approved three proposals from the Department of Promotion of Industry & Internal Trade (DPIIT) regarding the construction of major trunk infrastructure components in Andra Pradhesh, Karnataka, and Uttar Pradesh, worth over US$1.05 billion.

December 30, 2020

The Krishnapatnam and Tumakuru nodes are part of the larger Chennai Bengaluru Industrial Corridor (CBIC).

Both nodes are estimated to generate employment for up to 186,500 individuals collectively.

The Logistics Hub and Transport Hub will reduce costs and improve efficiency in the fast developing Greater Noida area.

The MMLH and MMTH projects can create employment for an estimated 100,000 individuals.

India’s Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Shri Narendra Modi, has approved three proposals from the Department of Promotion of Industry & Internal Trade (DPIIT) regarding the construction of major trunk infrastructure components, worth over US$1.05 billion. According to an official CCEA release on December 30, the proposals are for trunk infrastructure projects in the Krishnapatnam Industrial Area in Andhra Pradesh, the Tumakuru Industrial Area in Karnataka, and the development of a Multi Modal Logistics Hub (MMLH) and Multi Modal Transport Hub (MMTH) at Greater Noida in Uttar Pradesh.

Planned to facilitate multi-modal connectivity, the infrastructure projects in Andra Pradhesh and Karnataka, valued at US$291 million and US$231 million respectively, have received the green light as part of the larger Chennai Bengaluru Industrial Corridor (CBIC) project. Both greenfield industrial areas will feature world class infrastructure, road and rail freight connectivity between ports and logistic hubs, reliable power supplies, and quality social infrastructure. The Krishnapatnam node and Tumakuru node are already estimated to generate employment for up to 186,500 individuals collectively, through a collection of on-site, retail, office, and other commercial opportunities throughout the development phase.

Similarly, the US$528 million MMLH and MMTH projects will greatly benefit logistics and transport facilities in the Greater Noida area. Through a suite of value-added services, the MMLH will help reduce logistics costs and improve operational efficiency across the board, while the MMTH will be equipped to provide international quality passenger movement services in the fast developing NCR sub-region. By 2040, both projects will create employment for an estimated 100,000 individuals, supported by further growth opportunities in the region.

With the help of its many industrial corridor programmes, India is developing industrial cities with sustainable, modular, and IT-enabled utilities to encourage further investment into the country. As part of the ‘Atmanirbhar Bharat’ initiative, the Government aims to provide quality, reliable, sustainable and resilient infrastructure to industries, driving growth and improved opportunities across sectors.