DMIC clears 6 projects; expects investment of R1.10 lakh crore

Sep 12 2013, 03:20 IST
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SummaryCentre will invest R2,215 crore in a mix of debt and equity

The state-run Delhi-Mumbai Industrial Corridor (DMIC) Trust has cleared six projects, which would entail an investment of Rs 1.10 lakh crore.

The clearance was given at the agency’s meeting held on Tuesday. “The Trust has given clearances for six major projects for implementation, which will entail total investment of Rs 1.10 lakh crore,” commerce and industry minister Anand Sharma told reporters here on Wednesday.

The Central government would invest Rs 2,215 crore in a mix of debt and equity.

The progress of the project was reviewed by Sharma and his Japanese counterpart Toshimitsu Motegi in the course of the India-Japan ministerial and government business dialogue meeting.

The projects cleared include Integrated Industrial Township at Greater Noida (Rs 617.2 crore), Improvement of Water Supply System to Pithampur-Dhar-Mhow Investment Region in Madhya Pradesh (Rs 248.89 crore), Integrated Multimodal Logistics Hub in Haryana (Rs 403.3 crore) and Construction of New Rail Line from Bhimnath to Dholera (Rs 121.58 crore).

The ambitious $90 billion DMIC project is aimed at creating mega industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor, which is under implementation. Japan is giving financial and technical aid for the project, which will cover seven states totalling 1,483 km.

Japan has committed an investment of $4.5 billion in this project. The Union Cabinet had approved Rs 18,500 crore on infrastructure development for the project.

Sharma said that the first phase of the two investment regions (Dholera in Gujarat and Shendra-Bidkin in Maharasthra) will be launched within this financial year. “Land acquisition is at an advanced stage,” he said.

Further, Japan’s Overseas Human Resources and Industry Development Association is sending experts for training courses in skill development centres in Haryana.

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