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Scaling New Heights : Vizag-Chennai Industrial Corridor, India's First Coastal Corridor

Product Details

Country
Philippines
Publisher
Asian Development Bank, Philippines
ISBN 9789292574017
Format PaperBack
Language English
Year of Publication 2016
Bib. Info xiv, 150p.
Categories Economics/Development Studies
Product Weight 330 gms.
Shipping Charges(USD)

Product Description

Spanning more than 800 kilometers of India’s eastern coastline, the Vizag–Chennai Industrial Corridor (VCIC) is part of the country’s East Coast Economic Corridor. This initiative can help unify the large domestic market as well as integrate the Indian economy with the dynamic global value chains of Asia and drive India’s Act East policy. VCIC will also be an important component of the government’s Make in India campaign to attract foreign investors and encourage the creation of manufacturing hubs in the country. The new industrial corridor is expected to spur growth by augmenting existing investment in world-class transport networks, infrastructure, and industrial and urban clusters that are supported by a robust institutional framework and a competitive business environment. By linking areas that are lagging in development with dynamic industrial and urban clusters, VCIC will create employment opportunities that alleviate poverty and reduce inequality. As a coastal corridor, VCIC can provide multiple access points to international gateways.

Content Details

1. Economic corridors. 2. Manufacturing.

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