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India and ADB have signed USD 375 million pact for loans and grants to develop 800—km Visakhapatnam—Chennai Industrial Corridor, which is the first phase of a planned 2,500-km East Coast Economic Corridor.

ECEC’s long coastline and strategically located ports allow multiple international gateways to connect India with global value chains (GVCs) in East and Southeast Asia.

ECEC supports the Government of India’s (GoI) Make in India campaign, which aims to boost manufacturing by attracting foreign investment and facilitating the establishment of manufacturing hubs.

ECEC also aligns with port-led industrialization under the Sagar Mala initiative and the Act East Policy by linking domestic companies with the vibrant global production networks of East and Southeast Asia.
Because of the vastness of India’s eastern coastline, ECEC’s developmet is conducted in a phase manner ECEC is being undertaken in 3 phases: phase 1 covers the Visakhapatnam–Chennai Industrial Corridor (VCIC); phase 2 involves the Chennai–Kanyakumari Industrial Corridor (CKIC); and phase 3 supports Orissa and West Bengal Industrial Corridor.

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