TN to amend Industrial Township Act to pave way for Chennai Kanyakumari Industrial corridor project

C Shivakumar @ Chennai:

Tamil Nadu government will amend the Tamil Nadu Industrial Township Area Development Authority Act, 1997 (TNITADA) within the next one month to pave the way for implementation of the Rs 6,448 crore Chennai Kanyakumari Industrial Corridor Project, according to a state industry department official.

“Currently, the only hitch is to amend the Act to create the special purpose vehicle,” the official said.

Once the act is amended then the industrial townships will be notified and a dedicated authority will be established for each proposed nodes, the official said.

The project has six nodes. They include Madurai-Virudhnagar-Dindigul-Theni, Thoothkudi-Tirunelveli, Cuddalore-Nagapattinam (the proposed Petroleum, Chemicals and Petrochemicals Investment region), Ariyalur and Perambalur, Tiruchirapalli-Pudukottai-Sivaganga and Ramanathapur (proposed National Investment and Manufacturing Zone).

The official told Express that once the act is amended then project will be put before Department of Industrial Policy & Promotion when is then pass it on to Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) to prepare a masterplan, the official said.

To a query on whether German Agency for International Cooperation (GIZ) will prepare masterplan for CKIC, the official said that it will be decided by DMICDC.

The proposed Chennai-Kanyakumari Industrial Corridor project is likely to generate more than 4.7 million additional jobs driven by annual manufacturing output of $222 billion, according to a Comprehensive Development Plan prepared by Asian Development Bank.

The first phase of Chennai-Kanyakumari Industrial Corridor (CKIC) project, which will have Madurai-Virudhnagar-Dindigul-Theni and Thoothkudi-Tirunelveli nodes, would require an investment of nearly Rs 91,000 crore.

The corridor influence area, which will cover 23 of 32 districts of Tamil Nadu accounting for 64pc of Tamil Nadu’s area and 70pc of total population. The focus of the corridor will on manufacturing. he urban strategy for CKIC will be combination of anchor cities and growth centers. Anchor cities are the crucial initial-state requirement to attract targeted industries.

Thoothkudi, Tirunelveli, Madurai, Trichy, Cuddalore, Thanjavur, Pudukottai, Manaparai Premabalur and Kariakudi have been earmarked as anchor cities.

Factfile:

1.  Tamil Nadu Industrial Township Area Development Authority Act, 1997 (TNITADA) within the next one month to pave the way for implementation of the Rs 6,448 crore Chennai Kanyakumari Industrial Corridor Project

2.The proposed Chennai-Kanyakumari Industrial Corridor project will generate more than 4.7 million additional jobs.

3. Manufacturing sector output in CKIC is estimated to increase from about $41 billion to between $163 billion and $222 billion by 2035.

4.  The 23 districts in the corridor influence area cover 58% of all registered manufacturing enterprises in state.

5.  The entire project has investment requirement of $43.19 billion (Rs 281,000 crore)