An industrial corridor is a package of infrastructure spending allocated to a specific geographical area, with the intent to stimulate industrial development. An industrial corridor aims to create an area with a cluster of manufacturing or other industry. Such corridors are often created in areas that have pre-existing infrastructure, such as ports, highways and railroads. These modalities are arranged such that an “arterial” modality, such as a highway or railroad, receives “feeder” roads or railways. Concerns when creating corridors include correctly assessing demand and viability, transport options for goods and workers, land values, and economic incentives for companies.
Industrial Corridors in India
The Government is developing or planning to develop 5 Industrial Corridors in the country, as follows:
