PM nod for Amritsar-Delhi-Kolkata corridor project

Prime Minister Manmohan Singh on Friday gave the go-ahead for the ambitious Amritsar-Delhi- Kolkata industrial corridor project, on the lines of Delhi Mumbai Industrial Corridor.

Prime Minister Manmohan Singh on Friday gave the go-ahead for the ambitious Amritsar-Delhi- Kolkata industrial corridor project, on the lines of Delhi Mumbai Industrial Corridor.

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Singh appointed an Inter Ministerial Group (IMG), under the Department of Industrial Policy and promotion (DIPP) secretary, to prepare a feasibility report within a month for setting up the corridor to promote industrialisation in the northern region, according to a statement issued by the Prime Minister's Office.

The new industrial corridor, stretching over 1,900 km, will cover Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand and West Bengal.

This is the second such corridor after the Delhi-Mumbai Industrial Corridor (DMIC), which is being developed with Japanese assistance at an estimated cost of US $90 billion (Rs 5,123 billion)

"IMG will examine the feasibility of setting up the Amritsar-Delhi-Kolkata industrial corridor along with the structural and financing arrangements that would be required to operationalise it at the earliest. The IMG will give its report within a month," said the statement.

The members of the IMG will include Secretaries of Economic Affairs, Road Transport, Shipping and Chairman Railway Board.