The Tamilnadu government is utilising its own cash to construct projects since project viability and land acquisition concerns are preventing the development of the state’s three major industrial corridors.
The Chennai-Bengaluru Industrial Corridor (CBIC), the Chennai-Kanniyakumari Industrial Corridor (CKIC), and the Industrial Manufacturing Cluster (IMC) in Dharmapuri, all of which are part of the Kochi-Coimbatore-Bengaluru Industrial Corridor.
Under Phase-I of CKIC, a master plan has been produced for the Madurai-Dindigul-Virudhunagar-Theni and Thoothukudi-Tirunelveli projects, and the Asian Development Bank (ADB) has so far allocated approximately Rs 11,000 crore for the projects.
According to a representative from the Tamil Nadu Industrial Development Corporation, the money is for road and electricity infrastructure, not for local development (Tidco).
