Thursday, September 1, 2011

Southern districts industrial corridor to generate investment worth 1.9 lakh crore


C Shivakumar

Chennai:

Tamil Nadu Southern Districts Industrial Corridor (TNSDIC) linking seven districts and Coimbatore-Salem Industrial Corridor is set to be rolled out soon after the consultant for the project Mahindra Consulting Engineers submitted a final draft to the state government earlier this month.



The TNSDIC project, which will cover more than 475 km approximately, will require infrastructure development worth Rs 40,105 crore and would generate industrial investment worth Rs 1.90 lakh crore. It will also create 18 lakh jobs, B Suresh, president and chief executive officer of Mahindra Consulting Engineers told Express on Tuesday.



The TNSIDC project would cover Madurai, Virudhnagar, Sivaganga, Tirunelveli, Ramanathapuram, Thoothkudi and Kanyakumari districts. It will have three manufacturing and business investment region (MBIR) in Madurai, Thoothkudi and Tirunelveli besides a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) in Ramanathapuram, according to the report accessed by Express.



The project would also have two knowledge hubs in Tirunelveli and Madurai besides three special tourism investment zones, including Madurai, Sivaganga and Kanyakumari. It would also have agri-business investment regions in Virudhnagar and Thoothkudi.



The project sphere of influence will on National Highway 45 (103 km) from Madurai to Thoothkudi, National Highway 7 (327 km) from Madurai to Kanyakumari and National Highway 7 (47 km) from Tirunelveli to Thoothkudi. The corridor will also have manufacturing and business industrial areas



Suresh said these corridors won’t run into the existing cities and will not create any ecological problem. “Farm lands will not be affected and the project will not create any ecological problem,” he added.



He said Coimbatore-Salem Industrial corridor also known as CETNS will cover Coimbatore, Erode, Tirupur, Namakkal and Salem. The total investment on infrastructure expected in this project is Rs 14,711 crore while it would generate an industrial investment of Rs 43,188 crore, the report added.



The cost on infrastructure is less as the existing infrastructure has to be upgraded and modernized. The corridor will figure in 150 km and consists of a MBIR each in Salem and Coimbatore besides agri-business investment regions in Namakkal and Erode. It would also have knowledge hubs in Coimbatore and Salem besides special tourism investment zone in Erode. The corridor would provide jobs to 11 lakh people, he added

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