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Industrial Development and Foreign Trade

Industrial Corridor Projects

Industrial projects are of great importance to a country. Especially the industrial corridor projects which are huge in scale. An industrial corridor is considered as a spending package. Specifically for infrastructure allocated to a specified area. This is done with an intent to uplift the industrial development. Furthermore, the industrial corridor aims to form an area where there are a group of companies or industries. That is why these corridors are mainly in the areas with the pre-existing industries. This includes highways, ports, and railroads.

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Industrial Corridor

industrial corridor

In India, there have been massive industrial projects over the years. These projects have contributed to the development of Indian industries. There are some important industrial projects which everyone should know about.

Mumbai-Delhi Corridor Project

This one is also known as DMIC. It is a planned project between the Mumbai and India’s capital Delhi. Also, it is considered as one of the largest infrastructure projects. It has an estimated investment of $90 billion. Also, this project is planned as a high tech project across six different states.

Furthermore, the project includes 2 international airports, 8 smart cities, 24 industrial region, 5 power projects, and many more. The project is contributed equally to Japan and India. Also, it is expected that the work for freight corridor will be completed by December 2019.

Chennai-Bengaluru industrial corridor project

This is another upcoming mega industrial project undertaken by the government of India. Also, this corridor plans to boost trade between East Asia and southern India. So, it will be helpful in the quicker movement of goods from different places to Ennore and Chennai.

The project will be completed in 3 different nodes. Also, there has been a proposal by the Karnataka government. Furthermore, they have planned to extend the project to Mangalore. Also, under this new proposal, the corridor is expected to have 2 seaports and 3 international airports. It is planned to have manufacturing industries between these projects.

Mumbai-Bengaluru Economic Project

The Bengaluru-Mumbai economic corridor or BMEC is a project proposed between Bengaluru and Mumbai. This corridor is spread across the states of Maharashtra and Karnataka. This project is expected to cover an area of 143,000 km² and overall length is more than 1000 km.

The project is undertaken by the governments of the UK and India. UK trade and investment and DMICDC have been asked to represent both sides. They are the nodal agencies for the project. Under this project, the government has planned to boost the manufacturing units of at least 4 cities. The detailed plan for the same has been worked out.

Delhi Amritsar Kolkata Industrial Project

The ADKIC is a proposed project between the cities of Delhi, Amritsar, and Kolkata. This ambitious project developed by the GOI aims at improving the industrial zone across the seven states. Also, it will help more than 20 cities in these states.

Furthermore, the project is aiming to bring about the major expansion of the industry and the infrastructure along the route of the corridor. Also, The population for the region covered under the project is 40% of India’s population. Thus, it makes the project in one of the most densely populated regions in the world.

Practice Questions on Industrial Corridor Projects

Q. Which 2 countries have signed up to develop the Mumbai-Delhi corridor project?

A. India and Russia 

B. India and Japan

C. India and South Korea

D. India and Sri Lanka

Answer: B. India and Japan

Q. Which industrial corridor project is considered to be built in one of the most densely populated regions in the world?

A. DMIC

B. ADKIC

C. BMEC

D. None of the above

Answer: B.ADKIC

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