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Japan interest boosts Delhi-Mumbai corridor

According to government officials, Japan has indicated that it would extend extensive support for the ambitious Delhi-Mumbai Industrial Corridor, reports HT Correspondent.

business Updated: Jul 25, 2008 21:09 IST
HT Correspondent

Japan has indicated that it would extend extensive support for the ambitious Delhi-Mumbai Industrial Corridor (DMIC), according to government officials.

The project, as well as another flagship infrastructure project, the Delhi-Mumbai Dedicated Freight Corridor, was extensively discussed at the second India-Japan Strategic Dialogue on Economic Issues held in Tokyo this week, they said.

“This dialogue assumes significance as it sets the agenda for the visit of Prime Minister Manmohan Singh to Japan in October, 2008,” a finance ministry statement said.

The 1,483-km DMIC would include six mega investment regions of 200 square kilometres each, and will run through seven states—Delhi, Uttar Pradesh, Haryana, Rajasthan, Gujarat and Maharashtra. It would be built along the proposed Delhi-Mumbai dedicated rail freight corridor.

The DMIC would have six specifically delineated investment regions planned for manufacturing facilities for domestic and export-led production, along with associated services and infrastructure.

These investment regions are: Dadri-Noida-Ghaziabad in Uttar Pradesh; Manesar-Bawal in Haryana, Khushkhera-Bhiwadi-Neemra in Rajasthan, Pitampura-Dhar-Mhow in Madhya Pradesh, Bharuch-Dahej in Gujarat and Igatpuri-Nashik-Sinnar in Maharashtra.

The minimum processing area in these regions will be about 40 per cent of the total designated area, which may or may not be contiguous. An estimated $90 billion would be required to create the infrastructure in the first phase of the project.

In addition to the investment regions, the DMIC will also have six industrial areas of 100 square kilometres each. The project would be overseen by an apex steering authority, headed by the Finance Minister, and would have central ministers and chief ministers of the states concerned as members.

A corporate entity—Delhi Mumbai Industrial Corridor Development Corporation (DMICDC)—would undertake planning of the project, development of its various components, coordinating with all stakeholders, monitoring of implementation and raising all finances.

The corridor will have a 4,000 mw power plant, three greenfield ports and six airports. It will also link 10 cities with over 10 lakh population, including Faridabad, Surat, Delhi, Greater Mumbai, Meerut, Jaipur, Ahmedabad, Pune and Nashik.