Business Daily from THE HINDU group of publications
Sunday, Jul 22, 2007
ePaper
Business Daily from THE HINDU group of publications Sunday, Jul 22, 2007 ePaper |
|
|
|
|
|
|
|
Industry & Economy
-
Infrastructure Delhi-Mumbai industrial corridor taskforce to meet next week
Our Bureau New Delhi, July 21 The task force on the proposed Delhi Mumbai Industrial Corridor (DMIC) will meet next week in Japan to finalise the Project Development Fund. The fund would be used to lay the groundwork for various projects in the corridor. The projects would be given to the private sector to execute after a bidding process. “India will ask the Japanese Government to contribute 50 per cent of the $250 million Project Development Fund. The rest of the $125 million would come from Indian entities in the form of public-private partnership,” Mr Ajay Dua, Secretary, Department of Industrial Policy and Promotion, told reporters on the sidelines of a function here. The money, from the fund, that would be utilised to prepare the project report and get clearances for various components of the corridor would come back after private players take it over. Funding options
Mr Dua said that during the Japan visit, Indian officials would also meet Japanese financial institutions and representatives of the Tokyo Stock Exchange to discuss various options for funding the components of the project. The work on the 1,483-km industrial corridor is expected to start next year and in the first phase, 12 nodes would be taken up for the development of investment regions, industrial parks, special economic zones, and other supporting infrastructure. The first phase would coincide with the construction of the Delhi-Mumbai freight corridor and would be completed by 2012. The second phase of the project would be completed by 2018.
Related Stories: More Stories on : Infrastructure
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|