Authors : Sharad Ranganath Darandale
Page Nos : 131-135
The Delhi-Mumbai Industrial Corridor (DMIC) is major physical infrastructure project passing through six states of India.
The ambitious DMIC has received major boost with India and Japan inking an agreement to set up a project development
fund. The initial size of the Fund is 10 billion (US$162.0 million). Both the Japanese and Indian Governments contribute
equally. The Corridor intends to develop industrial estates and townships in various parts of the country in order to give
thrust to manufacturing. Also, the Indian economy is rapidly undergoing urbanization. However, urbanization and
industrialization have to go hand-in-hand for progress of a nation. The DMIC will play a prominent role in converging
urbanization along with industrialization. The Corridor is estimated to create 2.3 million jobs, industrial output worth Rs
20 trillion along with efficient logistical network. Delhi-Mumbai Industrial Corridor is to be conceived as a Model Industrial
Corridor of international standards with emphasis on expanding the manufacturing and services base and develop DMIC
as the ’ GLOBAL Manufacturing AND Trading Hub.’ The Government is considering this ambitious project to establish,
promote and facilitate Delhi-Mumbai industrial corridor to augment and create social and physical infrastructure on the
route which is world class and will help spurring economic growth of the region.