With the aim of uplifting the
under-developed economic zones in the State, the Karnataka Government along
with Governments of Tamil Nadu, Andhra Pradesh and the Centre is developing the
ambitious Chennai-Bengaluru Industrial Corridor (CBIC). The resulting economic
growth and regional development will contribute to more jobs, higher demand for
ancillary industries and higher credit off-take in the region.
The National Industrial Corridor
Development Authority (NICDA) is the project development partner to all special
purpose vehicles (SPVs) created under CBIC and State government agencies will
implement the industrial cities/projects in the various industrial corridors
for the CBIC region. Japan International Cooperation Agency (JICA) is the nodal
agency for implementation of Chennai-Bengaluru Industrial Corridor
(CBIC).
The CIBC, modelled along the USD 100
billion Delhi-Mumbai industrial corridor, is expected to give a major thrust to
commerce between South India and East Asia by enabling quicker movement of
goods for export through Chennai and Krishnapatam ports. The corridor when
completed will attract an investment of USD 181 billion and generate employment
for 22 million skilled workers over the next two decades.
The corridor will have eight nodes
based on land availability and growth potential. Three nodes, being Ponneri in
Tamil Nadu (as engineering hub for auto and machinery), Tumakuru in Karnataka
(advanced technology centric industrial) and Krishnapatnam in Andhra Pradesh
(for resource-driven industries) have been selected for prioritised
implementation.
Holistic
approach to growth
The corridor’s
approach for industrial development is primarily to provide state-of-the-art
infrastructure facilities to transport finished goods to destination with
minimum fuss and maximum speed. Establishing an economic corridor, then, is a
holistic strategy that improves and enhances investments in transport, energy,
and telecommunications in the region. A highly efficient transport system means
goods and people can move without excessive cost or delay.
Industries set
up along the corridor can decrease their transportation costs, reduce inventory
cost, make quicker delivery to customers and have smooth access to the
industrial production units for supplies. Any prospective investor in the
corridor’s Karnataka hub will benefit from easy access to ports, have ancillary
industries and MSMEs acting as suppliers with easy reach and have access to
high skilled labour force due to proximity to institutes of higher learning. Karnataka
has largest number of medical institutes, industrial training institutes; largest
software technology parks and 3rd largest engineering colleges in India. (http://www.events.investkarnataka.gov.in/)
Tumakuru Karnataka’s first
nodal point in CBIC
Tumakuru is the
first node identified in Karnataka to prepare a Master Plan by JICA. It will be
an industrial township under Article 243Q (1) (c) of the Constitution of India.
Apart from being part of CBIC, Tumakuru is likely to develop into an influence
zone for the proposed Mumbai-Bengaluru Industrial Corridor.
Vasanthanarasapura,
Tumakuru District is identified as a National Investment and Manufacturing Zone
(NIMZ). The government has allotted 900 acres for the NIMZ. It will focus on the
establishment of state-of-the-art integrated industrial townships, skill development,
social infrastructure, and single window clearances. The area itself will give
employment to 0.25 million people.
Tumakuru to be electronic
hardware hub
The NIMZ is to
be developed in four phases and funded by both the State and Centre. The focus will
be engineering and manufacturing. About 35 per cent of the land is to be
dedicated to the manufacturing sector only. A tech hub nearly 42 times the size
of Electronics City is coming up in Tumakuru, with road, rail, and port
connectivity. Karnataka also has the advantage
of having maximum skilled/technical manpower. (http://www.events.investkarnataka.gov.in/)
Tumakuru to
be Machine tools hub
Indian Machine Tool Manufacturers Association (IMTMA) has
proposed to set up a machine tool park at the NIMZ. A machine tools park
will get 500 acres of land in that area. Around 600 machine tool companies have shown
interest to set up manufacturing units. India's first Integrated Machine
Tool industry Park (IMTIP) is set to come up in Karnataka near Bangalore. 100%
FDIs allowed in the Machine Tools industry by the Indian Government. (
http://www.events.investkarnataka.gov.in/)
Prospective
investors in Tumakuru will benefit immensely from faster delivery of goods to
Chennai port and easy throughput for exports.
