News Brief
V Bhagya Subhashini
Dec 09, 2024, 05:32 PM | Updated 05:32 PM IST
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The joint venture between the Central Government and the Andhra Pradesh government overseeing the Hyderabad-Bengaluru Industrial Corridor (HBIC) will soon issue tenders to select an Engineering, Procurement, and Construction (EPC) contractor for the project, Union Minister Piyush Goyal informed the Rajya Sabha.
Goyal was responding to a query from Congress MP Anil Kumar Mandadi about the timeline for HBIC’s operationalisation and the current status of EPC contractor selection.
Goyal stated that the project was first announced in 2007 but saw no progress until 2014. "Some announcements were made just before the 2014 elections, but actual approval for the corridor came only in 2020," he said.
He added that the project’s load specifications were formally announced on 28 August 2024. “Our joint venture with the Andhra Pradesh government will ensure transparent tendering for EPC contractors. The state government will manage the selection process with complete transparency,” Goyal emphasised, reports Deccan Herald.
Hyderabad-Bengaluru Industrial Corridor
The corridor aims to establish a robust infrastructure network, enhancing industrial connectivity between Hyderabad and Bengaluru.
Significantly, HBIC will serve as a strategic link between two major industrial corridors in the region: the Chennai-Bangalore Industrial Corridor (CBIC) and the Visakhapatnam-Chennai Industrial Corridor (VCIC). This integration is expected to catalyze economic development and attract significant investments in various sectors.
Orvakal Node: A Key Development Hub
A pivotal development within the HBIC is the proposed Orvakal Node in Kurnool district, spanning approximately 4,742 acres across three land parcels near NH 40. This national highway connects Hyderabad to Chennai, passing through key towns such as Kurnool, Nandyal, Kadapa, and Tirupati.
The strategic location of these land parcels offers unique geographical advantages, ensuring seamless connectivity to major urban and industrial centers. Once operational, the Orvakal Node is expected to emerge as a major industrial hub, fostering job creation and boosting the region's economic growth.
V Bhagya Subhashini is a staff writer at Swarajya. She tracks infrastructure developments.