The Delhi Mumbai Industrial Corridor (DMIC) expects to invite the anchor investors to setup businesses in hi-tech zone by august.
“We are in the final stages of completing the pre-PPP (Private Public Partnership) process that includes forming special purpose vehicle and creating the basic infrastructure like transportation, water treatment, sewage treatment among others.”
This work will be completed in the next 4-5 months and by August we feel we will be able to invite anchor investors for settling up their businesses there, DMIC Chief Executive Alkesh K Sharma told on the sidelines of the Make in India Week here.
DMIC and six states (Uttar Pradesh, Haryana, Madhya Pradesh, Gujrat, Rajasthan and Maharashtra) have formed SPVs for the development of nodes. The first phase of DMIC project which envisions development of eight of the industrial nodes is on track.
The respective states had taken the responsibility to create the necessary infrastructure, Mr. Sharma said. DMIC is one of the world’s biggest infrastructure projects with an estimated investment of $90 billion and is planned as a hi-tech industrial zone spread across seven stages along the 1500 km long Western Dedicated Freight Corridor which serves as its backbone.
DMIC includes 24 industrial regions, eight smart cities, two airports, five power projects, two mass rapid transit systems and two logistical hubs.
For Investment purpose there are eight investment regions proposed to be developed in Phase 1 of DMIC. These are:
In all these, The Ahmedabad-Dholera SIR is biggest with total area of 920 Sq. Km. with a targeted residential population of 2 million and employment for 8,00,000 people in coming 25 years.
Sharma said that the project aims to develop sustainable global cities with world class infrastructure to manage rapid urbanization and provide big number of employment opportunities in these cities.
Not only domestic companies but many international players have also shown their interest in setting up their businesses in the corridor. Sharma said about the inquires that they are getting from international companies that are willing to either setup their manufacturing facilities or their Research & Development Facility here.
Getting the positive response of DMIC, the government has also proposed to develop four more corridors between Bengaluru-Mumbai, Amritsar-Kolkata, Chennai-Vizag and Chennai-Bengaluru.
Reference: ET, 17th Feb'2016 Edition