British Prime Minister David Cameron said on Monday he wanted his country’s companies to help India develop new cities and districts along a 1,000 km (600 mile) corridor between Mumbai and Bangalore, generating investment projects worth up to $25 billion.
The said corridor is a part of Peninsular Regional Industrial Development Corridor (PRIDe), which passes through Tamil Nadu, Karnataka, Andhra Pradesh and Maharashtra.
PRIDe is an industrial corridor providing potentially strong transport and industrial connectivity linking these states.
The Dabhol-Bangalore gas pipeline project will double the potential in this corridor experts feel. First phase of this corridor would end at Chitradurga. National investment and manufacturing zone (NIMZ) has been planned at Tumkur and Dharwad on 5000 acres.
In Karnataka, the corridor includes a road length of 550km (23%) and rail length of 330km (41%)
Industrial areas to be covered in Belgaum would be Hukkeri and Navanagarauma (Bagalkot).
Source: TOI, NDTV, Deccan Herald