What is the significance of industrial corridors in india?
Answers
ndustrial corridor concept
An industrial corridor is basically a corridor comprising of multi-modal transport services that would pass through the states as main artery. Freight cargo from industrial and NMIZ located upto a distance of 100-150 km on both sides of this main artery will be brought to the industrial corridor via rail and road feeder links that shall provide last mile connectivity. This will lower costs of logistics and enable firms to focus on their areas of core competence.
INDUSTRIAL CORRIDOR
An industrial corridor aims to create an area with a cluster of manufacturing or other industry. Such corridors are often created in areas that have preexisting infrastructure, such as ports, highways and railroads. These modalities are arranged such that an "arterial" modality, such as a highway or railroad, receives "feeder" roads or railways. Concerns when creating corridors include correctly assessing demand and viability, transport options for goods and workers, land values, and economic incentives for companies
Significance of Industrial Corridors
It is argued that benefits of industrial development should be reaped by all states and regions so as to avoid developmental divide between states.
1. The establishment of NMIZ in a scattered manner along the industrial corridor across the length of the state would prevent distress migration and provide people with job opportunities close to their dwelling place.
2. it will prevent concentration of industries in one particular location which exploited the environment beyond its carrying capacity and caused environmental degradation.
3. As efficiency creeps in India’s industrial production structure due to improved transportation system and health labour force, the production costs would come down. The lower costs would make Indian goods competitive in the global market and thus open avenues of export.
4. The production of export surplus would generate employment opportunities and raise per capita incomes.
5. Moreover, people would find job opportunities close to their homes and would not have to migrate to far-off places thereby preserving family as an institution. This will also increase social integration in the country.
6. The spread effects of industrial corridors in socio-economic terms are many such as setting up of industrial townships, educational institutions, roads, railways, airports, hospitals that will generate employment and raise standard of living.
The Government is developing or planning to develop 5 Industrial Corridors in the country, as follows:
Name of the Node-State
Dadri-Noida-Ghaziabad Investment Region-Uttar Pradesh
Manesar-Bawal Investment Region-Haryana
Khushkhera-Bhiwadi – Neemrana Investment Region
Rajasthan-Pithampur-Dhar-Mhow Investment Region-Madhya Pradesh
Ahmedabad-Dholera Investment Region-Gujarat
Shendra Bidkin Investment Region-Maharashtra
Dighi Port Industrial Area-Maharashtra
Jodhpur Pali Marwar Industrial Area-Rajasthan
Characterisctics
Industrial Corridors recognize the inter-dependence of various sectors of the economy and offer effective integration between industry and infrastructure leading to overall economic and social development. Industrial corridors constitute world class infrastructure such as high-speed transportation (rail, road) network, ports with state-of- the-art cargo handling equipment, modern airports, special economic regions/ industrial areas, logistic parks/transshipment hubs, knowledge parks focused on feeding industrial needs, complementary infrastructure such as townships/ real estate, and other urban infrastructure along with enabling policy framework.
1. Industrial corridor provides opportunities for private sector investment in the provision of various infrastructure projects associated with the exploitation industrial opportunity. However, the successful utilization of opportunities that arises from industrial corridors depends on availability of efficient transport and other infrastructure support systems. Corridor approach for industrial development primarily takes advantage of the existence of proven, inherent and underutilized economic development potential within the influence region.
2. Apart from the development of infrastructure, long-term advantages to business and industry along the corridor include benefits arising from smooth access to the industrial production units, decreased transportation and communications costs, improved delivery time and reduction in inventory cost. The strategy of an industrial corridor is thus intended to develop a sound industrial base, served by world-class competitive infrastructure as a prerequisite for attracting investments into export oriented industries and manufacturing.
The significance of industrial corridors in India:
- Industrial Corridor is an important and large infrastructure project that has been undertaken by the Government of India.
- The industrial corridor comprises of ‘multi-modal transport’ services that would pass through the ‘states’.
- It is a corridor that would cover 1483 km between ‘Delhi’ and the ‘business capital Mumbai’ in India.
- The ‘Industrial corridor’ is a mega project that has been made in India through collaboration between the Indian government and the ‘Japanese firms’ and through the Japan Bank for ‘International Cooperation’.
- The project was initiated for enabling high speed and high capacity connectivity between various industrial towns and cities.
Learn more about industrial corridors
Explain the industrial corridors of India and write a note on any one Industrial Corridor?
https://brainly.in/question/7026876
What is the significance of industrial corridors in India? Identify industrial corridors, explain their main characteristics.
https://brainly.in/question/8010783