Economy

More funds for DMIC project

Our Bureau Mumbai | Updated on March 13, 2018

The Department of Industrial Policy and Promotion (DIPP) and the Japan International Cooperation Agency (JICA) are currently preparing a comprehensive plan for the Chennai Bangalore Industrial Corridor.

The $100-billion Delhi-Mumbai Industrial Corridor project, which was conceived in 2006, has got a fresh impetus in the Budget, with the Finance Minister showing willingness to allocate more funds to the project.

The Delhi-Mumbai Industrial Corridor (DMIC) would be aligned along the dedicated freight corridor of the Indian Railways. The freight corridor will carry goods between Mumbai and Delhi at high speed, with industries located in the DMIC to produce those goods.

Along the DMIC, seven futuristic cities have been planned.

Managing Director and CEO of DMIC, Amitabh Kant, told Business Line that a master plan of the seven cities has been prepared. These cities would drive both industrialisation and urbanisation in the country and are to accommodate a population of around 1.5-2 million.

In Maharashtra, the cities are to come up near Shendra-Bidkin near Aurangabad and Dighi near the coastal Raigad district. In Gujarat, the city is to come up near Dholera, which is 110 km from Ahmedabad.

Asia Regional Managing Director for AECOM Jagdish Salgaonkar told Business Line that for developing Dholera, a number of parallel steps would have to be initiated. However, the most important step would be the creation of a road map for the next 20 years, which would be the basis for the costs, schedules and risks associated with building the new city, he said.

AECOM is a construction company associated with the DMIC project at Dholera.

> rahul.wadke@thehindu.co.in

Published on February 28, 2013

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

null
This article is closed for comments.
Please Email the Editor

You May Also Like