Chennai is slowly but surely becoming theindustrial hub of South India, if not the entire subcontinent. With the government’s plans to upgrade the highway roads, travel time will be reduced aswellas vehicle operating costs. Asa major seaport, the city’s proximity to raw materials, easy access to major seaports, airports, and different parts ofSouthernIndia has rendered it a major industrial hub.
TANVI Thakur
The presence ofindustrial corridors, acting as an economic ecosystem, fosters heightened economic activity within the transportation corridor. Like a vital artery, it serves asthe central hub of economic vitality in the region.
In 2022, the Government ofIndia greenlit 8 projects to develop industrial corridors between major hubs in the country. These projects will take place under the National IndustrialCorridor Development and Implementation Trust (NICDIT).
One of these projects is the 96-km Chennai-Bengaluru IndustrialCorridor (CBIC). This project is already underway and is scheduled to be completed by 2025. With the completion ofthe project, the travel time between Chennai and Bengaluru will be cut to two to three hours.
“The project will also increase economic activity in the region by opening up new areas forindustrial development. There is potential for manufacturing facilities, warehousing facilities along thecorridor. Also, the project will be closer tothe port and will facilitate easy cargo movement on thecorridor,” Suresh Krishna, State President of CREDAI, Tamil Nadu, told The Hindu.
The CBIC will go through cover Chennai, Sriperumbudur, Ponnapanthangal, Ranipet, Vellore, Chittoor, Bangarupalem, Palamaner, Bangarpet, Hoskote, and Bengaluru.
CBIC: Prime Investment Destination
TheChennai Bangalore IndustrialCorridor (CBIC) stands as an enticing prospect for investors, offering a multitude of advantages. Positioned at the onset ofa major industrialcorridor, Chennai promises abundant job opportunities. Escaping urban congestion, many are gravitating towards the citys outskirts, lured by available land parcels, ideal for realizing their dream homes.
This burgeoning industrial landscape has given rise toa thriving economy, with job prospects that foster personal and professional growth. Renowned for its top-notch infrastructure and connectivity, Chennai boasts an exemplary transportation system. This includes ongoing initiatives, including metro expansions toward Parandur, which promise enhanced accessibility for suburban residents, significantly reducing travel times.
Furthermore, Chennais strong economic foundation, fueled by diverse industries like manufacturing, automotive, IT, and logistics along the CBIC, continues to bolster its status asthe states economic hub.
