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.
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 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.
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 project is aimed at developing an industrial zone spanning six Indian states.
The company is preparing Information and Communications Technology master plan for four smart cities proposed under the DMIC project.
The inauguration of Noida International Airport (NIA) is set to significantly increase property values in micro-markets along the Yamuna Expressway, with projections indicating a 28 per cent rise for plots and 22 per cent for apartments over the next two years, according to Colliers.
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.
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.
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.
Maharashtra, Gujarat discussions progress faster than other 4 states in Delhi-Mumbai Industrial Corridor scheme
Part-I of this three-part series dives into Delhi-NCR's SPR, Sohna, Dwarka Expressway, and Jewar Airport leading the charge.
Downplaying concerns of delay, Amitabh Kant, managing director of Delhi-Mumbai Industrial Corridor Development Corporation (DMIC), says the project will be delivered on time.
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.
Cities will come up along Delhi-Mumbai Dedicated Rail Freight Corridor.
Focus on the Dedicated Freight Corridor and Delhi-Mumbai Industrial Corridor could spur the sector.
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.
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.
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.
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 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.
Enunciating slew of measures initiated by the UPA to augment the sector, the finance minister said 19 oil and gas blocks were given out for exploration and 7 new airports are under construction.
The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.
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.
The ordinance has returned near absolute power of discretion in land acquisition, except in tribal areas, into the hands of the bureaucracy yet again
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.
The neighbour to help in development of 100 smart cities project announced in the Budget.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
Armed with green nod and fund infusion, Gujarat govt getting ready to issue tenders to build infrastructure at the mega investment region
There is a huge opportunity for foreign investment in India as the government focuses on rapid infrastructure development in the country, Finance Minister P Chidambaram said.
Narendra Modi is no reformist, but here's how he could yet change the path India's economy.
The government has made its initial moves, good and not-so-good, while the roll-out in some cases has been slow.
Addressing a press conference in Lucknow on Monday, he sought to emphasise that he had charted out a comprehensive development plan for the state.
For the past few weeks, the government has been in an overdrive, pushing stuck projects with the larger aim to improve the country's economic growth, which had fallen to a four-year low of 4.4 per cent in the first quarter of this financial year.
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
India will witness good growth under the present government.
Modi government must fix policy paralysis.
