ECEC is India’s first coastal economic corridor along eastern coast.
It stretches about 2,500 kms from Kolkata (West Bengal) in the north to Kanyakumari (Tamil Nadu) in the south.
It will connect long eastern coastline and strategically located ports with the multiple international gateways to connect India with global value chains (GVCs) in East and Southeast Asia.
It supports Union Government’s flagship 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 industrialisation under Sagarmala initiative and Act East Policy by linking domestic companies with vibrant global production networks of East and Southeast Asia.
Why in news? Asian Development Bank (ADB) has recently approved a loan to build it.