Industrial Corridor proposes to address infrastructure bottlenecks through a holistic approach while benefiting from the inherent strengths and competitiveness of state. Accordingly, high impact or market driven nodes at strategic locations are proposed to be developed within the corridor model to provide transparent and investment friendly facility proposed to be self- sustained nodes with world-class infrastructure such as road and rail connectivity for freight movement to and from ports and logistics hubs, served by reliable power, quality social infrastructure, and provide a globally competitive environment conducive for setting up businesses. K Rama Mohana Rao, IAS, VPT chairman also address the meeting.
Andhra Pradesh has an advantage of two Industrial corridors passing through the state - Chennai Bengaluru Industrial Corridor (CBIC) and Vizag - Chennai Industrial Corridors (VCIC).
VCIC region encompasses one of the largest concentrations of industrial, mineral and urban nodes supplemented by strong local factor advantages which inter alia include good connection with its hinterland and major ports in the proximity of East Asian economies. Around 80% of the VCIC region is in Andhra Pradesh. The state enjoys strategic advantage in the development of various industrial nodes. The VCIC will encompass four main centers in Andhra Pradesh – Visakhapatnam (or Vizag) the states largest city, with access to the eastern and central parts of India; Kakinada, Amaravati, and Yerpedu-Srikalahasti at the Southern end of the corridor. The Industries that will benefit include those already in the VCIC such as textiles and apparel, electronics and new industries attracted to the area.
The main aim of this Conference is to bring all stakeholders namely Government, Industry and Financial institutions under one platform to recognise the inter-dependence of various sectors of the economy and offer effective integration between industry and infrastructure leading to overall economic and social development.