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Business EconomyPosted at: May 30 2015 2:31PM


Govt approves Rs 4318.28 cr DMIC infra projects in Gujarat, Maharashtra

New Delhi, May 30 (UNI) The government today approved the construction of Rs 4,318.28 crore trunk infrastructure components like roads, sewage plants in the Dholera Special Investment Region (DSIR) in Gujarat and Shendra Bidkin Industrial Area (SBIA) in Maharashtra in the Delhi Mumbai Industrial Corridor (DMIC) project. The approval was given by the Cabinet Committee on Economic Affairs (CCEA) at its meeting chaired by Prime Minister Narendra Modi. The total cost of the DSIR would be Rs 2,784.83 crore and Rs 1,533.45 crore for SBIA. The total cost of the trunk infrastructure project would be invested by the DMIC trust as equity in the city/node special project vehicle (SPV). Trunk Infrastructure development is proposed to commence in FY 2015-16 for the infrastructure projects and is likely to be completed by FY 2018-19 after all necessary approvals. The primary objective of developing the activation area is to trigger developmental activities in DSIR and attract local and global investments. This activation area has been selected due to maximum concentration of government land which will facilitate the early take off of various infrastructure components in DSIR, an official statement said. The land for the project will be contributed by the State Government as their equity while the contribution of DMIC Trust by way of equity and debt will be made in form of cash for implementing various trunk infrastructure components subject to a ceiling of Rs 3000 crores. DSIR has been planned over an extensive area of land measuring approximately 920 sq km encompassing 22 villages of Dhandhuka and Barwala Taluka in the Ahmedabad District. This node is strategically located near the industrial cities of Vadodara, Ahmedabad, Rajkot, Surat and Bhavnagar urban agglomerations. DMICDC, with the support and partnership of the Government of Gujarat, plans to create an economically and socially balanced new-age city with world class infrastructure and high quality-of-life standards and sustainability in the urban form. The Centre is developing the Delhi Mumbai Industrial Corridor (DMIC) Project, as a global manufacturing and investment destination, by utilising the high capacity 1483 kilometer long Western Dedicated Freight Corridor (DFC), as the backbone. In essence, DMIC project is aimed at the development of futuristic Indian cities in India, which can compete with the best manufacturing and investment destinations in the world. The DMIC project is being implemented jointly by the Centre and the respective State Governments. Eight investment areas/industrial regions have been identified for development in the first phase of DMIC, across six states namely Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh. UNI ASH PC GC1430
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Tags: #Govt approves Rs 4318.28 cr DMIC infra projects in Gujarat# Maharashtra
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