Industrial Corridors Current Affairs - 2020

Punjab creates land banks to boost industrial production

The Punjab cabinet on December 2, 2019, approved the amendment of Punjab Village Common Land (Regulation) rules, 1964. It aims at creating land banks in rural areas to boost industrial development in the state. Highlights of the amendment The amendment has included Rule 12-B that provides special provision to transfer shamlat land or common land Read More…

ADB approves $631 million loan for Vizag-Chennai industrial corridor

Multilateral funding agency Asian Development Bank (ADB) has approved $631 million loan for building India’s first coastal industrial corridor between Visakhapatnam (Vizag) and Chennai. The fund will help develop the first key 800-km section of the planned 2,500-km East Coast Economic Corridor. Key Facts The coastal industrial corridor is expected to boost development on eastern coast Read More…

Union Government’s Policy Initiative Development of Industrial / Economic Corridors

Union Government has adopted the strategy of developing integrated industrial/economic corridors across the country in partnership with respective State Governments for boosting industrial development. This information was given by the Union Minister of State (Independent Charge) in the Ministry of Commerce & Industry Nirmala Sitharaman in a written reply in Rajya Sabha. It was also Read More…