By Sameer Pushp
Delhi-Mumbai Industrial Corridor (DMIC) is a major step by theGovernment to boost the potential of Indian economy by improving the infrastructure sector. Today, India aims at sustained GDP of 9-10 per cent which necessitates the growth of the manufacturing sector to be at least 13-14 per cent per annum consistently.

To achieve this, the Government has planned to promote integrated development of industry and infrastructure in a band of 150-200 km on either side of the Dedicated Railway Fright Corridor (DFC) between Delhi and Mumbai.

The Delhi Mumbai Industrial Corridor is conceived to be developed as a Global Manufacturing and Trading Hub with emphasis on expanding manufacturing and service hub. DMIC is a State-Sponsored Industrial Development Project aimed at developing an Industrial Zone and eco- cities spanning across six states in India. DMIC project will see major expansion of Infrastructure and Industry – including industrial clusters and rail, road, port, air connectivity – in the states along the route of the corridor, covering an overall length of 1500 km.

DMIC project is expected to double employment potential, triple industrial output and quadruple exports from the region in five years. The total employment to be generated from the project is 3 million and the bulk of which will be in the manufacturing/processing sectors.

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The project will be funded through private-public partnership and foreign investment. Japan is a major investor for this project. It will include a 4000 MW Power Plant, three sea Ports and six Airports in addition to connectivity with the existing ports. The industrial corridor project will be implemented by the Delhi Mumbai Industrial Corridor Development Corporation, an autonomous body comprising of Government and Private Sector.

The ambitious Rs.3,60,000 crore DMIC project crossed an important milestone recently with the signing of two agreements between India and Japan. The agreement was signed in the presence of Shri Anand Sharma, Minister of Commerce & Industry. There is a proposal to develop Eco-cities (Smart Communities) in and around the dedicated corridor. The smart cities will be built on the principles of environmental and ecological sustainability. The new eco-friendly townships and industrial zones in the DMIC region will adopt global best practices in sustainable development of future cities, not only in India but in the entire world.

Following an integrated approach to development, DFMIC envisaged the establishment of 24 high impact/ market driven nodes- Integrated Investment Regions (IRs) and Industrial Areas (IAs), spanning across six states within the corridors to provide transparent and investment friendly facility regimes. These regions are proposed to self- sustained industrial townships with world class infrastructure. It is proposed that 6 IRs and 6 IAs would be taken up for implementation in the first phase.

The Government of Japan has already sanctioned long term financial assistance for funding the western DFC. Extending the spirit of partnership and economic cooperation between India and Japan, the following joint initiative are being taken for implementing the project :

-Collaboration in the Development of Eco- Cities (Smart Communities) at various places at DMIC region.
-Setting up of a Project Development Fund (PDF) to undertake project development activities like master planning and feasibility studies, preparation of detailed project reports, obtaining necessary approvals and bid process management for projects to be taken up in DMIC region.

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