Economy

Korean infra companies eyeing DMIC projects

Our Bureau Mumbai | Updated on March 12, 2018 Published on February 21, 2011




Korean infrastructure companies are keen to participate in the $ 90 billion Delhi-Mumbai Industrial Corridor (DMIC), being built with the financial and technical help from the Japanese government.

The 1,483-km DMIC will connect New Delhi with Mumbai with a high speed dedicated railway freight corridor. About 10 per cent of the corridor passes through Maharashtra.

Mr A. Khan, Maharashtra's Industries Secretary said that Mr Young June Park, Korea's Deputy Minister for Trade and Energy, and a delegation of Korean companies called on the Industries Minister, Mr Narayan Rane, on Monday and discussed opportunities for Korean companies in constructing the upcoming Dighi port and other large infrastructure projects in and around Mumbai.

The status of the steel plant being built by Posco at Vile Bhagad, Raigad, was also discussed at the meeting, he said.

The dedicated freight corridor envisages a high-speed connectivity for high-axle load wagons supported by power locomotives. A band of 150-km influence region has been chosen on both the sides of the freight corridor. The idea is to create strong economic base in this band which will give a fillip to local commerce and enhance foreign investments in the region, said a State government official.

According a press release issued by the State government; Mr Rane said that all basic infrastructure facilities would be provided to the Korean companies for setting up their business in Maharashtra. He asked captains of the Korean companies to consider investment in Pune and surrounding region, the release said.

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Published on February 21, 2011
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