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Center Approves Economic Corridor

Bhubaneswar: Union Government has accorded approval for development of Odisha Economic Corridor (OEC).

The OEC will come up in two nodes —  Paradip-Kendrapada-Dhamra-Subarnarekha and Gopalpur-Bhubaneswar-Kalinganagar, Minister of State for Commerce and Industries Som Prakash informed the Lok Sabha in this regard on Thursday.

The Union Government has accorded approval for development of 11 Corridors (32 projects) in four Phases as part of National Master Plan for providing multimodal connectivity to economic zones.

The OEC is one of the 11 corridors and these projects are under different stages of conceptualization/ development/implementation.

The corridor has a potential to generate over Rs 4 lakh crore of manufacturing output, Rs 81,000 crore of investment and an additional 8 lakh direct jobs by 2025, officials said.

Two nodes have been prioritised in the influence region of the transport network (NH-16) through an assessment of factors including land availability, highways, large cities, existing industrial infrastructure and port. 100 km on each side of NH-16 has been taken as the Corridor Influence Area, pointed out the official.

The industrial corridors program is aimed at providing multi modal connectivity with complete “plug and play” infrastructure till the plot level along with building resilient and sustainable future ready cities.

The development of these corridors is aimed to expand the industrial output, increasing employment opportunities, provide better living and social facilities for the new and growing workforce.

It is expected to enhance India’s competitiveness in manufacturing through creation of quality infrastructure ahead of demand and keep the developed land parcels ready for immediate allotment for attracting investments into manufacturing and positioning India as a strong player in the Global Value Chain. During 2018-19 and 2019-20, the total number of employment generated (direct & indirect) is 9,000 and 8,000 respectively.

As part of Amritsar-Kolkata Industrial Corridor (AKIC), State Government of Bihar has identified site at Gamhariya, Dobhi block, Gaya district for establishment of Integrated Manufacturing Cluster (IMC) and details are awaited from State Government for initiation of project development activities.

The Union Government is developing various Industrial Corridor Projects as part of National Industrial Corridor Programme which is aimed at development of greenfield industrial cities in India in order to compete with the best manufacturing and investment destinations in the world.

The National Industrial Corridor Development & Implementation Trust (NICDIT) has been constituted for unified development of Industrial Corridors in the country.

Delhi-Mumbai Industrial Corridor (DMIC) is the first Industrial Corridor which is being implemented in the country wherein substantial progress has been made.

Four industrial nodes under implementation in Delhi Mumbai Industrial Corridor (DMIC) are as under, Dholera Industrial City, Gujarat (22.5 sq. km), Shendra Bidkin Industrial Area, Maharashtra (40 sq. km), Integrated Industrial Township, Greater Noida, Uttar Pradesh (745 acres) and Integrated Industrial Township, Vikram Udyogpuri, Ujjain, Madhya Pradesh (1100 acres).