Anchor investors in these cities/nodes include companies like HYOSUNG (South Korea), NLMK (Russia), HAIER (China), TATA Chemicals and AMUL. As many as 23 nodes/projects in other industrial corridors are under various stages of planning and development.
The objective of the industrial corridor program is to create greenfield smart industrial cities with sustainable 'plug n play' ICT-enabled utilities to facilitate the manufacturing investments in the country by providing quality, reliable, sustainable and resilient infrastructure. The government has approved 11 such corridors consisting of 32 projects to be developed in four phases.
Under Bengaluru-Mumbai Industrial Corridor (BMIC), the Dharwad node has been envisaged to be developed for achieving an accelerated development and regional industry agglomeration in Karnataka. The project spreads across an area of over 6,000 acres where the new industrial development at Dharwad will augment the existing industrial development and create an investment destination for various categories of industries through the provision of large-scale regional trunk infrastructure at Dharwad and tap the potential of the existing road, rail and freight movement.