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Delhi-Mumbai Industrial Corridor:
Rs 1.2L-cr projects cleared
ET Bureau Sep 12, 2013, 04.32AM IST
Tags:
Toshimitsu Motegi|
Manufacturing| Industrial
Infrastructure | indian
economy | DMIC Trust | DMIC
project | Delhi-Mumbai Industrial
Corridor project
| Commerce and industry minister
Anand Sharma
(Indias ambitious $90-billion
)
NEW DELHI: The government has
cleared a raft of projects worth Rs
1.2 lakh crore under the much-
hyped Delhi-Mumbai Industrial
Corridor (DMIC) project as part of its
initiative to spur manufacturing in
the country.
A total of nine projects were given a
go-ahead by the DMIC Trust on
Tuesday, a commerce ministry
statement said late Wednesday. The
projects were announced after a
joint review by commerce and
industry minister Anand Sharma
and Japanese minister for economy,
trade and industry Toshimitsu
Motegi on Wednesday in Delhi.
India's ambitious $90-billion DMIC
project is aimed at creating mega
industrial infrastructure along the
Delhi-Mumbai Rail Freight Corridor,
which is under implementation.
Japan is giving financial and
technical aid for the project, which
is developed on either side of a
1,483-km stretch running across
seven states.
Japan has committed to invest $4.5
billion in this project. The Union
Cabinet had approved an
expenditure of Rs 18,500 crore on
development of infrastructure for the
project.
"Both sides shared the view that
industrial infrastructure is critically
important for the expansion of
foreign direct investments to India
from Japanese companies and
welcomed the substantial progress
made in the DMIC project,"
commerce and industry ministry said
in a statement. The projects will
generate 2,15,000 direct jobs and
6,18,000 indirect jobs to the Indian
economy , the ministry claimed.
The nine projects are integrated
industrial township 'Vikram
Udyogpuri' near Ujjain, integrated
multi modal logistic hub in Rewari,
integrated multi modal logistic hub
at Greater Noida near Dadri,
integrated industrial township at
Greater Noida (Rs 617.2 crore),
improvement of water supply system
for Pithampur-Dhar-Mhow
Investment Region in Madhya
Pradesh (Rs 248.89 crore), integrated
multimodal logistics hub in Haryana
(Rs 403.3 crore), construction of new
rail line from Bhimnath to Dholera
(Rs 121.58 crore), solar power project
at Neemrana, Rajasthan, water
desalination project at Dahej,
Gujarat, and a logistic data bank
project for tracking container cargo
movement on integrated basis.
DMIC Trust, which is headed by the
department of economic affairs
secretary Arvind Mayaram cleared
the projects. India and Japan agreed
to set up Japanese electronics
manufacturing township (JEMT) to
spur electronic manufacturing.
source ,economictimes.com