VISHAKHAPATNAM CHENNAI INDUSTRIAL CORRIDOR | MEGA PROJECTS IN INDIA 2020 |

VISHAKHAPATNAM CHENNAI INDUSTRIAL CORRIDOR | MEGA PROJECTS IN INDIA 2020 | ‪@IndianTrainMan‬

𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄 𝐌𝐘 𝐑𝐀𝐈𝐋𝐖𝐀𝐘𝐒 𝐑𝐄𝐋𝐀𝐓𝐄𝐃 𝐂𝐇𝐀𝐍𝐍𝐄𝐋 𝐀𝐋𝐒𝐎:-   / indiantrainman  

𝐀𝐂𝐓𝐈𝐕𝐄 𝐎𝐍 𝐈𝐍𝐒𝐓𝐀𝐆𝐑𝐀𝐌:-  / indiantrainman  

Visakhapatnam–Chennai Industrial Corridor (VCIC), also Vizag–Chennai Industrial Corridor, is a key part of the East Coast Economic Corridor (ECEC), India's first coastal corridor. VCIC is aligned with the Golden Quadrilateral and is poised to play a critical role in driving India’s Act East Policy and Make in India campaign. The nearly 800-kilometer corridor links India with the Association of Southeast Asian Nations (ASEAN) and East Asian economies that form the bedrock of global manufacturing economy.The corridor traverses nine districts of the state of Andhra Pradesh. VCIC intends to complement the ongoing efforts of the Government of Andhra Pradesh (GoAP) to enhance industrial growth and create high quality jobs.

VCIC supports Government of India (GOI)'s strategy to develop industrial corridors of international standards for expanding its manufacturing and services sectors, and creating modern urban centers connected by state-of-the-art infrastructure. GOI has selected the Asian Development Bank (ADB) as the lead partner for developing the ECEC, which will run from Kolkata to Kanyakumari, encompassing the four states of Andhra Pradesh, Tamil Nadu, Odisha, and West Bengal. Due to its vast scope, ECEC is being implemented in a phased manner, with VCIC as the first phase. The conceptualization and development of VCIC has received major support from ADB, which carried out analytical work determining the kind of infrastructure and institutional investments necessary to drive manufacturing-led growth in consultation with the Department of Industrial Policy and Promotion, GOI.

VCIC’s long coastline and strategically located ports allow development of multiple international gateways to connect India with global value chains (GVCs) in Southeast and East Asia. VCIC aligns with the national objectives of expanding the domestic market and supports India’s port-led industrialization strategy (Sagar Mala initiative). While India’s trade with East and Southeast Asia has increased at a rapid pace in the past decade, the bulk of this trade is done through the ports on the country’s west coast. This is largely due to lack of efficient transport networks linking the production clusters in northern and central India to ports on the east coast, and insufficient container capacities at the ports to handle the volume of trade flowing to East and Southeast Asia.


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