Delhi Mumbai Industrial Corridor: Enhancing Trade and Investment

Delhi Mumbai Industrial Corridor: Enhancing Trade and Investment

Question: DMIC Project is being developed as an international manufacturing and investment destination. In principle approval for the same was given in August 2007. Highlight the projects under DMIC and its benefits

- Delhi Mumbai Industrial Corridor is being developed on dual sides of the Western Dedicated Freight corridor

- This is a global manufacturing and investment destination

- DMIC industrial cities are attaining the same standards as established industrial cities like Singapore

- DMIC Project is being implemented through an SPV called DMICDC or Delhi Mumbai Industrial Corridor Development Corporation

- As part of the project, 8 investment regions are being set up namely:

- Model Solar Power Project, Neemrana, Rajasthan

- Logistic Data Bank

- Integrated Industrial Township Greater Noida (U.P)

- Integrated Industrial Township, Vikram Udyogpuri (M.P)

- Ahmedabad Dholera Special Investment Region in Gujarat

- Shendra Bidkin Industrial Park in Maharashtra

Benefits

- DMIC project aims to create a strong economic base with an internationally competitive atmosphere and advanced infrastructure for activating local commerce, enhancing investments, attaining sustainable development and meeting the pressures of urbanization

- New DMIC cities will promote economic growth for the next 2 to 3 decades

Facts and Stats

- Project aims to double employment generation, triple industrial output and quadruple exports from the region within the next 7 to 9 years

- DMIC project is featured in KPMG 100 Most Innovative Global Projects as one of the most innovative and awe inspiring projects in the infrastructure sector across the globe