An ambitious $90-billion industrial project along side the Delhi-Mumbai dedicated rail freight route will be ready with manufacturing and trading hubs by 2013,a senior official said on Wednesday.
Phase-I of the ambitious Delhi-Mumbai Industrial Corridor project entails an investment of Rs 17,319 crore(Rs 173.19 billion) and is poised to generate 330,000 jobs.
Maharashtra minister pleads for stay on land acquisition.
India and Japan are expected to move ahead on signing a comprehensive economic partnership agreement, besides finalising a partnership on the Delhi-Mumbai industrial corridor.
The first memorandum of understanding was signed between the DMIC Development Corporation and the Japan External Trade Organisation for promoting eco-friendly townships and industries.
The Delhi-Mumbai Industrial Corridor, which will run parallel to the dedicated railway freight corridor, is expected to see investments of $90 billion.
The ambitious Delhi-Mumbai industrial corridor, to be established with Japan's help, will require an investment of an estimated $50 billion and work on the project will begin from January next year.
The state has proposed the creation of the Pithampur-Dhar-Mhow mega industrial region over at least 200 square km, where an apparel park, a gem & jewellery park, a software technology park, a herbal park and clusters for pharmaceutical firms, textiles, food-processing and auto components will come up.
The project is aimed at developing an industrial zone spanning six Indian states.
The Union Cabinet approved the DMIC project outline on the eve of the visit of Japanese Prime Minister Shinzo Abe, Information and Broadcasting Minister P R Dasmunshi told reporters here.
Part-I of this three-part series dives into Delhi-NCR's SPR, Sohna, Dwarka Expressway, and Jewar Airport leading the charge.
India is finally set to give shape to its futuristic smart cities - world-class, self-sustainable habitats with minimal pollution levels, maximum recycling, optimised energy supplies and efficient public transportation.
The Parliamentary Standing Committee on Commerce has observed that a massive shortfall in the budgetary allocation of over Rs 1,900 crore by the finance ministry to the industry department may have an adverse impact on the implementation of infrastructure (infra) projects in 2022-23 (FY23). While the Department for Promotion of Industry and Internal Trade (DPIIT) had sought Rs 10,267 crore from the finance ministry for FY23, it received Rs 8,348-crore allocation. For the National Industrial Corridor Development & Implementation Trust (NICDIT), the finance ministry has allocated Rs 1,500 crore instead of Rs 2,400 crore demanded for the project.
Maharashtra, Gujarat discussions progress faster than other 4 states in Delhi-Mumbai Industrial Corridor scheme
Cities will come up along Delhi-Mumbai Dedicated Rail Freight Corridor.
The recent blip in housing sales on a quarter-on-quarter (Q-o-Q) basis should not worry investors as the long-term prospects of real estate stocks remain on a strong foundation, according to analysts. In the first half of the calendar year 2024 (H1CY24), realty stocks surged up to 104 per cent. This sharp run should be used to book partial profit in related stocks, suggested Deepak Jasani, head of retail research at HDFC Securities.
Whatever be the political coalition that comes to power at the Centre after May 16, the new government will have five ongoing projects to kick-start a sluggish economy.
The longer India delays in creating a manufacturing-based middle class, the more difficult it may be to create one.
The company is preparing Information and Communications Technology master plan for four smart cities proposed under the DMIC project.
NIMZ is conceptualised as integrated industrial townships with all-important elements to help the growth of infrastructure, clean and energy efficient technology, simplified business regulations and the necessary social and institutional infrastructure.
Focus on the Dedicated Freight Corridor and Delhi-Mumbai Industrial Corridor could spur the sector.
Each logistics park will have a container terminal for both domestic and international operations, mineral-handling terminals, cement and fertiliser terminals, automobile terminals, storage and distribution as well as trans shipment facilities, conventional, cold storage and product-specific warehouses as well as hotels, banks, food parks and entertainment centres. Logistics companies said the multi-modal logistics parks offer a huge growth opportunity.
The investments are expected to happen in the Delhi-Mumbai Industrial corridor.
The development of the industrial corridor will bring about a revolution in the use of green technologies.
India needs to revive corporate sector investment, push critical reforms and remove infrastructural bottlenecks to boost industrial growth in the country, says a government document.
The plan is to have five brand new cities, which are bigger than Navi Mumbai, in the next five years.
With the first two phases of town planning and zonation completed this month, the country's first special investment region (SIR) at Dholera in Gujarat is set to take off. The endeavour in Ahmedabad district is likely to bring investment amounting to $90 billion to the western state over the next ten years.
Spread over 940 square km, a new city would be developed at Dholera by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) as a part of its $90 billion project spread across six states.
Prime Minister of Japan Shinzo Abe will pay a three-day official visit to India from January 25 during which he will attend the Republic Day Parade as Chief Guest and hold talks on key issues with his Indian counterpart Manmohan Singh for the bilateral annual summit.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
Taking strong exception to complaints and grievances of people concerning the customs and excise sectors, Prime Minister Narendra Modi on Wednesday said strict action would be taken against erring officials.
The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.
Downplaying concerns of delay, Amitabh Kant, managing director of Delhi-Mumbai Industrial Corridor Development Corporation (DMIC), says the project will be delivered on time.
Thus, the right to fair compensation and transparency in land acquisition, rehabilitation and resettlement (amendment) bill, 2015 as passed by the Lok Sabha still contains major lacuna's in regard to farmer's rights. It is best advised and hoped that the government will send the bill to the parliamentary standing committee for more changes and consultation.
Money to come only after Delhi improves biz environment & fast-tracks work.
Bilateral trade between India and Japan stood at $16.31 billion by the end of fiscal 2013-14.
Contrary to Modi's claim of the state being the largest beneficiary of Foreign Direct Investment, Gujarat has received only $8 billion of foreign investment during the 13-year period beginning 2000, according to the Union Minister.
The neighbour to help in development of 100 smart cities project announced in the Budget.
Gujarat is on the road to market 'Brand Gujarat'. The state has aimed at an accelerated industrial growth of about 15 per cent for the next five years. According to the new policy, the state will create room for three new economic corridors to house four special investment regions (SIR), 10 logistic parks for Delhi Mumbai Industrial Corridor (DMIC) and a slew of industrial parks. For trained manpower, the state government will create a synergy between industry and education.
The government has made its initial moves, good and not-so-good, while the roll-out in some cases has been slow.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances