TCSs Japan moment

TCSs Japan moment

Others would do well to emulate TCS' tie-up strategy.
Preparing for El Nio

Preparing for El Nio

Immediately, more oilseed/pulse imports and income stabilisation fund...

DMIC flags off 6 projects worth Rs 1.1 lakh crore

Comments 0
SummaryThe projects are expected to generate 2,15,000 direct jobs and 6,18,000 indirect jobs.

Giving a thrust to infrastructure development, the Delhi-Mumbai Industrial Corridor (DMIC) has cleared six projects entailing an investment of R1.10 lakh crore. The Delhi-Mumbai Industrial Corridor (DMIC) Trust has given clearances to these projects.

The trust has given clearances for six major projects for implementation, which will entail total investment of R1.10 lakh crore, commerce and industry minister Anand Sharma said on Wednesday.

The central government will invest R2,215 crore in a mix of debt and equity. The progress of the project was reviewed by Sharma and his Japanese counterpart Toshimitsu Motegi.

The projects are expected to generate 2,15,000 direct jobs and 6,18,000 indirect jobs.

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

Japan has committed to invest $4.5 billion in this project. The Union Cabinet had approved an expenditure of R18,500 crore on infrastructure development for the project.

The projects include an integrated industrial township at Greater Noida (R617.2 crore), improvement of water supply to Pithampur-Dhar-Mhow Investment Region in Madhya Pradesh (R248.89 crore), an integrated multimodal logistics hub in Haryana (R403.3 crore) and construction of rail line from Bhimnath to Dholera (R121.58 crore).

Sharma said that the first phase of the two investment regions (Dholera in Gujarat and Shendra-Bidkin in Maharashtra) will be launched within this financial year.

Land acquisition is at an advanced stage, he added.

A mobile phone scrap recycling project in Gujarat is also expected to come under DMIC.

Further, the Overseas Human Resources and Industry Development Association in Japan will dispatch experts in areas such as production management for a training course in skill development centres in Haryana in December.

He also said work has started on Chennai-Bangalore-Chitradurga Industrial Corridor which will pass through Karnataka, Andhra Pradesh and Tamil Nadu.

The preliminary study for a comprehensive integrated master plan has been completed, which has identified 26 priority projects, the minister said.

Projects with significant progress in the CBIC area include Ennore port access road development project, Omega industrial township and Technical assistance for improving port operation in Chennai.

India and Japan are expected to develop the master plan by the end of 2014 fiscal.

Ads by Google

More from Frontpage

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...