Industrial corridor Current Affairs, GK & News

ADB approves 484 million USD for CKIC Project

The Asian Development Bank recently approved 484 million USD for CKIC (Chennai-Kanyakumari Industrial Corridor) in Tamil Nadu. About the Project The project will upgrade 590 km of state highways in the CKIC influence areas. The Climate Change adaptation measures are to be incorporated in the highway upgrades. This includes improved drainage, resizing of bridges and ..

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GoI permits up to 74% FDI under automatic route in Defence Sector

On September 17, 2020, the Government of India permitted Foreign Direct Investment of 74 percentage under automatic route in defence sector. This is being done to attract more overseas investors in the defence industry. Highlights Till date, the Government of India has permitted 100% foreign investments in the defence sector. Of this 49% were allowed under ..

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GoI and ADB sign USD 451 Million Loan Agreement to Strengthen Power Connectivity in Tamil Nadu

The Asian Development Bank (ADB) and the Government of India (GoI) have signed a USD 451 Million(approx Rs 3,200 crore) Loan Agreement for strengthening the power connectivity between the northern and the southern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC). CKIC will also build an operational capacity for Tamil Nadu Transmission Corporation(TANTRANSCO), for which ADB ..

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First Coastal Economic Zone (CEZ)

In November 2017, the Union Government has given go-ahead for setting up India’s first mega coastal economic zone (CEZ) at Jawaharlal Nehru Port (JNPT) in Maharashtra. The first of its kind mega CEZ will stretch along north Konkan region spread across Mumbai, Thane, Pune, Nashik and Raigarh. About 45 companies across auto, telecom and IT ..

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