Visakhapatnam–Chennai Industrial Corridor (VCIC), also known as the Vizag–Chennai Industrial Corridor project is a key part of the East Coast Economic Corridor (ECEC), India’s first coastal corridor. The government of India is developing various industrial corridor projects as part of the National Industrial Corridor Development Programme which is aimed at developing futuristic industrial cities in India which can compete with the best manufacturing and investment destinations in the world. The same will create employment opportunities and economic growth leading to overall socio-economic development. In this direction, India recently upgraded its Industrial Park Rating System (IPRS) for boosting industrial infrastructure competitiveness and supporting policies to enable industrialization across the country.
The strategy to develop VCIC is part of the plan to achieve accelerated development and regional industry agglomeration in Andhra Pradesh. Regional industry agglomeration could be achieved by attracting companies in the value chain of other companies already based in the corridor, attracting particular industries that the corridor provides with geographical advantages, or building and maintaining advanced infrastructure to support industries.
VCIC is aligned with the Golden Quadrilateral and is poised to play a critical role in driving India’s Act East Policy and Make in India campaign. This is an 800 km long Industrial corridor. This Industrial corridor is passing through the nine districts of Andhra Pradesh. VCIC will boost the GOI Sagar Mala Initiatives.
Industrial nodes are an integral component of economic corridor development. When equipped with comprehensive infrastructure support and a business-friendly environment, nodes can serve as hubs geared to cradle industries. Through a node selection process, four industrial nodes were identified:
1. It spans a relatively developed coastal region (10% of India’s coast) and supports a large hinterland.
2. It is Strategically located which will help link to global production networks due to port linkage and connectivity with eastern countries.