Bangalore, Feb 8: Union Government has initiated feasible study for 1000-km length Chennai-Bangalore-Mumbai Industrial corridor which would help in boosting the economic activities in the region significantly, Union Minister for Commerce and Industry Kamal Nath said today.
Speaking at an Exporters' Meet organised jointly by Federation of Karnataka Chamber of Commerce and Industry (FKCCI) and Federation of Indian Exporters Organisation (FIEO) here, he said that Center has agreed in principle to look into the feasibility of the proposed Corridor and initiated a study on it. Earlier, Karnataka Secretary (Department of Commerce and Industry) Rajkumar Khatri had drawn the attention of the Minister towards the Chennai-Bangalore-Mumbai Industrial Corridor for which the Japan External Trade Organisation (JETRO) also evinced interest for funding the project.
Mr Khatri said that the proposed corridor would encourage trade and commerce. The Corridor which can be built along-side of the National Highway number four, would touch 11 districts in the State and pass through over 20 high industrial potential towns. He had also appealed to the Union Minister to consider sanctioning a dedicated container train between Bangalore and Mangalore which has an all-weather sea port.
Mr Khatri also appealed the minister to relocate some of the key union statutory bodies including office of the Drug Controller which was based in Chennai. Mr Kamal Nath announcing the initiative taken on the demand for Chennai-Bangalore-Mumbai Industrial Corridor promised to look into other demands.