Cabinet approves 3 infra projects

Source: The Hindu

News: Cabinet Committee on Economic Affairs(CCEA) has approved three key infrastructure proposals.

Facts:

What are the three key infrastructure projects approved? The three projects proposed by the Department of Promotion of Industry and Internal Trade(DPIIT) are:

1. Krishnapatnam Industrial Area in Andhra Pradesh
2. Tumakuru (Tumkur) Industrial Area in Karnataka and
3. Multi-modal logistics hub (MMLH) and multi-modal transport hub (MMTH) at Greater Noida in Uttar Pradesh.

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Additional Facts:

• Industrial Corridor Programme: The objective of the Programme is the creation of greenfield industrial cities with sustainable, ‘plug n play’, ICT enabled utilities to facilitate the manufacturing investments into the country.
  • Krishnapatnam Industrial Area and Tumkur Industrial Area are part of Chennai Bengaluru Industrial Corridor(CBIC) project.
  • These corridors will help in attracting investments into manufacturing and positioning India as a strong player in the Global Value Chain.
• Multi Modal Logistics Hub(MMLH) & Multi Modal Transport Hub (MMTH): The logistics hub at Greater Noida, UP will be developed as a world-class facility that will provide efficient storage/transitioning of goods to/from the Dedicated Freight Corridors(DFC) and offer a one-stop destination to freight companies and customers.
  • The facility will not only provide standard container handling activities but also provide various value-added services to reduce logistics cost with improved efficiency of operations.