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India Procurement News Notice - 75346


Procurement News Notice

PNN 75346
Work Detail Recently, the Union Cabinet approved the development of 12 new industrial corridors, including two in Uttar Pradesh: Prayagraj and Agra. While the Union Ministry of Commerce and Industry generally requires a minimum land parcel of 1,000 acres for corridor development, the Prayagraj corridor will be developed on a smaller 352-acre site due to a special request from the Uttar Pradesh government. Union Minister Piyush Goyal explained that the Prayagraj corridor will be situated adjacent to the Saraswati Hi-tech City project. The corridor, estimated to cost around ?658 crore, is expected to generate approximately 18,000 jobs and attract investments totaling about ?1,600 crore. It will be strategically located near National Highway 35, with easy access to NH-30, Prayagraj railway station, Naini station, and Prayagraj airport. The Prayagraj corridor will focus on sectors such as e-mobility-based automobiles, food processing, leather articles, readymade garments, cycle manufacturing, and packaging. In Agra, the designated 1,058-acre site will primarily host non-polluting industries. With an estimated project cost of ?1,812 crore, this corridor is projected to create around 70,000 jobs and attract investments of approximately ?3,447 crore. Key sectors for the Agra corridor include leather articles, apparel, food processing, medicine, medical consumables, engineering, and fabrication. The Agra corridor will be conveniently located 2 km from the Yamuna Expressway and NH 19, with Agra Airport 25 km away and Jewar Airport 140 km from the site. Minister Goyal indicated that, pending cooperation from state governments, the corridors are expected to be completed by 2027. Land acquisition for all corridors has been finalized, and interest from potential investors is already being noted. The corridors are part of an effort to alleviate congestion in existing industrial parks and regions. These new corridors will complement the existing industrial project at Dadri, Greater Noida, where the Multi-modal Logistics Hub and Multi-modal Transport Hub projects are already under construction.
Country India , Southern Asia
Industry Construction
Entry Date 31 Aug 2024
Source https://newsonprojects.com/news/up-to-develop-two-industrial-corridors-in-prayagraj-and-agra

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