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Hope for industry corridor in east

Anand Sharma with Ficci president Naina Lal Kidwai in New Delhi on Saturday. (PTI)

New Delhi, Dec. 21: Commerce minister Anand Sharma today said he would soon approach the Union cabinet for the approval of the proposed Amritsar-Delhi-Calcutta Industrial Corridor.

The project will be the second of its kind on the lines of the Delhi-Mumbai Industrial Corridor (DMIC), a $90-billion infrastructure project under implementation with Japanese help.

Sharma said the government was taking several steps to boost the manufacturing sector in the country. He was addressing the Ficci annual general meeting.

He said Japan was partnering in DMIC and the UK may join hands for the proposed Mumbai-Bangalore economic corridor.

“We are working on the Amritsar-Delhi-Calcutta Industrial Corridor (ADKIC) and very soon I am going to move the Cabinet for approval for this corridor,” he said, adding, “I hope to take cabinet approval by January first week. It is a work in progress.”

ADKIC, envisaging a budgetary support of Rs 5,749 crore for the first phase, will be aligned to the Eastern Dedicated Freight Corridor and will be spread across 20 cities in seven states — Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand and Bengal.

The Amritsar-Calcutta Industrial Corridor is patterned on the Delhi-Mumbai Industrial Corridor (DMIC). The Corridor will use the eastern dedicated freight corridor as the backbone.

The Eastern DFC extends from Ludhiana in Punjab to Dankuni near Calcutta. Therefore, the Amritsar-Delhi-Calcutta Industrial Corridor will be structured around the Eastern DFC and also the highway system that exists on this route. It will also leverage the inland waterway system being developed along the National Waterway-1, which extends from Allahabad to Haldia.

The minister said these projects were important to boost the manufacturing sector as they would help in creating millions of jobs.

He said the government had already notified 13 national manufacturing and investment zones (NMIZs) in different parts of the country and a master plan for eight had been approved.

NMIZs will be mega industrial zones with world-class infrastructure. The government is offering a host of incentives such as exemption from capital gains tax and liberalised labour and environment norms to promote these zones.

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