Tamil Nadu Industrial Corridor - ADB

The ChennaiKanyakumari Industrial Corridor (CKIC) is a part of the East Coast Economic Corridor in India (ECEC).
Sheena

Updated: Jun 21, 2021 11:52:23 am

21 June 2021 Current Affairs:The Asian Development Bank (ADB) and the Government of India signed a $484 million loan agreement to improve transportation connectivity and facilitate industrial development in Tamil Nadu's Chennai–Kanyakumari Industrial Corridor (CKIC). ADB is the Government of India's lead partner in developing ECEC.

Highlights:
♦ The Chennai–Kanyakumari Industrial Corridor (CKIC) is a part of the East Coast Economic Corridor in India (ECEC).
♦ It reaches all the way from West Bengal to Tamil Nadu.
♦ It connects India to the South, Southeast, and East Asian production networks.
The CKIC will provide:  
♦ seamless road connectivity across industrial clusters 
♦ transportation gateways and consumption centres
♦ Assist in lowering logistics and production costs
♦ It emphasises sustainability, climate change resilience, and road safety elements, with the goal of accelerating industrial transformation by providing critical transportation, energy, and urban infrastructure.
 
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