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 infrastructureBSE 0.82 % 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 theIndian 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.