Rs. 54,000 cr investment for Industrial corridor [Oct 2011]

Government has thought of creating  industrial corridors for the welfare of the particular areas. It will have all the facilities and would also help in the employment. This industrial corridors are getting investment through many big investors.
 
Big-buck investments are expected to take place in the upcoming industrial corridor projects in the southern states, says B Suresh, President and CEO, Mahindra Consulting Engineers.
 
At a seminar organised by the Confederation of Indian Industry, Suresh said the Coimbatore-Tirupur-Namakkal-Erode-Salem corridor is expected to attract investment of Rs. 14,711 crore to create infrastructure, which will create investment opportunities to the tune of Rs. 43,188 crore. The Madurai-Tuticorin-Tirunelveli corridor will attract Rs. 40,105 crore to create infrastructure, will create investment opportunity of Rs. 1.90 lakh crore and create employment for 18 lakh. Infrastructure in these corridors will be created in association with private partners.

12