Global investors express keen interest in DMIC project

NEW DELHI: Global investors are expressing keen interest in the Delhi Mumbai Industrial Corridor (DMIC) on account of fast progress in the project, a top government official has said.

In the annual general meeting (AGM) yesterday, the chairman of DMIC Development Corporation, Ramesh Abhishek, told shareholders that rapid progress is happening in phase I of the project.

Four of the eight industrial zones planned in phase I of DMIC -- Dholera in Gujarat, Shendra-Bidkin in Maharashtra, Vikram Udyogpuri in Madhya Pradesh and IIGNL in Greater Noida -- are in the implementation phase, DMICDC said in a statement quoting Abhishek.

"With the finalisation of land allotment policy in all the four smart industrial city projects, land parcels are ready for allotment to anchor tenants.

"Trunk infrastructure facilities tied at plot levels are being rapidly developed and various corporate and business houses from different parts of the world have expressed avid interest in the project," he said.

He added that many overseas entities have also desired to partner in this project as developers, consultants and PPP concessionaires.

The DMIC project is aimed at creating mega industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor.

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.