Progress of Chennai-Bengaluru Industrial Corridor

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Progress of Chennai-Bengaluru Industrial Corridor

GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF INDUSTRIAL POLICY & PROMOTION RAJYA SABHA UNSTARRED QUESTION NO. 970. TO BE ANSWERED ON WEDNESDAY, THE 27TH DECEMBER, 2017. PROGRESS OF CHENNAI-BENGALURU INDUSTRIAL CORRIDOR 970. DR. T. SUBBARAMI REDDY: Will the Minister of COMMERCE AND INDUSTRY be pleased to state: (a) the details of progress of Chennai-Bengaluru Industrial Corridor (CBIC); (b) whether detailed master planning and engineering works for Krishnapatnam node of the corridor are finalized; (c) if so, the details thereof; (d) the status of development of Tumkur in Karnataka and Ponneri in Tamil Nadu for industrial development; and (e) by when Special Purpose Vehicle (SPV) will be created to grant functional autonomy and ensuring the projects move smoothly and without delay? ANSWER THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI C.R. CHAUDHARY) (a) to (c): The institutional and financial structure for various Industrial Corridor Projects in the country including Chennai-Bengaluru Industrial Corridor (CBIC) project was approved by the Union Cabinet on 7th December, 2016. The Government is taking forward the development of CBIC Project in coordination with concerned State Governments. The process relating to detailed master planning and preliminary engineering has been initiated for the Krishnapatnam node identified in the state of Andhra Pradesh. (d) & (e): The process for selection of consultants for detailed master planning and preliminary engineering for Tumkur node in Karnataka and Ponneri node in Tamil Nadu has been initiated. The activities for formation of SPV for Krishnapatnam node in Andhra Pradesh have also been initiated. SPVs for Tumkur and Ponneri nodes will be incorporated after the land is made available by the concerned States and execution of Shareholder’s Agreement and State Support Agreement by them. ******* .

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11.13 Karnataka
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Select Bibliography 1133
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