3 Sep 2019

Vizag-Chennai Industrial CorridorQuick read

Source: Press Information Bureau

Key highlights about the corridor

  • Visakhapatnam–Chennai Industrial Corridor (VCIC), also Vizag–Chennai Industrial Corridor, is a key part of the East Coast Economic Corridor (ECEC), India’s first coastal corridor
  • VCIC is aligned with the Golden Quadrilateral and is poised to play a critical role in driving India’s Act East Policy and Make in India campaign. 
  • The nearly 800-kilometer corridor links India with the Association of Southeast Asian Nations (ASEAN) and East Asian economies that form the bedrock of global manufacturing economy. 
  • The corridor traverses nine districts of the state of Andhra Pradesh
  • VCIC supports Government of India (GOI)’s strategy to develop industrial corridors of international standards for expanding its manufacturing and services sectors, and creating modern urban centers connected by state-of-the-art infrastructure. 
  • GOI has selected the Asian Development Bank (ADB) as the lead partner for developing the ECEC, which will run from Kolkata (in West Bengal) to Kanyakumari (in Tamil Nadu). 
  • The conceptualization and development of VCIC has received major support from ADB, which carried out analytical work determining the kind of infrastructure and institutional investments necessary to drive manufacturing-led growth in consultation with the Department for Promotion of industry and Internal Trade GOI.
  • Four nodes namely: Visakhapatnam, Kakinada, Kankipadu-Gannavaram and Yerpedu-Srikalahasti of Andhra Pradesh, have been identified for development in Vishakhapatnam-Chennai Industrial Corridor (VCIC) on the basis of Conceptual Development Plan (CDP) prepared by ADB

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