In a bid to make India a strong player in the global value chain, the Centre on Wednesday approved a multi-modal logistics and transport hub (MMTH) at Greater Noida in the state of Uttar Pradesh.
The Union Cabinet also approved a proposal to set up industrial corridor nodes at Krishnapatnam and Tumakuru under CBIC, said Minister of Information and Broadcasting Prakash Javadekar.
“These projects have been planned on the backbone of multi modal connectivity infrastructure. Krishnapatnam Industrial Area in Andhra Pradesh and Tumakuru Industrial Area in Karnataka under Chennai Bengaluru Industrial Corridor (CBIC) have been approved to kick start the development in Chennai Bengaluru Industrial Corridor Project. These greenfield industrial cities will be self-sustained with world-class infrastructure, road and rail connectivity for freight movement to and from ports and logistic hubs along with reliable power and quality social infrastructure.”~Cabinet Committee on Economic Affairs in an official statement.
Javadekar said that the estimated cost of the proposals is INR 7,725 crore and it is expected that the projects will generate employment for more than 2.8 lakh persons.
These new projects will position India as a strong player in global value chains with developed land parcels in cities for immediate allotment for attracting investments, the minister added.