Media reports suggest that Japan is undertaking a Detailed Project Report for the proposed industrial corridor in south India and it should be ready before December.
The proposed project would be implemented on lines of the $4.5 billion the Delhi Mumbai Industrial Corridor (DMIC). But it is learnt that the proposed southern corridor has several gaps, the main one being goods getting held up in Chennai and Ennore ports. Importantly, there needs to be smooth movement of goods produced in Karnataka to ports in the South.
Official level talks have come to the conclusion that there is little scope to develop a dedicated freight corridor or a high-speed container train lane in the South like in the case of DMIC or even in the proposed eastern corridor.
Therefore, the aim now is to reduce logistics costs in the region by moving goods fast through an 8-10 lane highway from different parts, including Karnataka, to ports in Tamil Nadu.
Meanwhile, the development of an eastern corridor is being considered mainly keeping in mind the farm belt.