The mega infrastructure project of Delhi-Mumbai Industrial Corridor (DMIC) has attracted interest from companies based out of Canada, the U.S., Singapore and Taiwan.
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Representatives of Canadian Commercial Corporation, GIC Singapore, Taiwanese securities industry major Yuanta Securities, as well as executives of some American firms, held talks separately with officials of the DMIC Development Corporation.
The DMIC Development Corporation is a special purpose company incorporated for the development of the DMIC project.
Defence and Maintenance, Repair and Overhaul (MRO) has been given special preference under the project.
Discussions also revolved around proposals to set up units to manufacture aerospace and defence equipment in DMIC smart cities.
It is learnt that Singapore-based water companies are keen on participating in the DMIC project and one such firm had even held discussions on taking up a feasibility study regarding water supply in the Manesar-Bawal Investment Region (MBIR).
South Korean industrial conglomerate Hyosung Corporation is reportedly set to invest about Rs3,400 crore to establish a textile manufacturing facility in the Shendra-Bidkin IA.
Meanwhile, talks are on to develop the Ahmedabad– Dholera Special IR into an MRO hub for aerospace and defence firms.
DMIC
Delhi - Mumbai Industrial Corridor (DMIC) is India's most ambitious infrastructure programme aiming to develop new industrial cities as "Smart Cities" and converging next generation technologies across infrastructure sectors.
The investment in the project is estimated to be $100 billion.
The objective is to expand India's Manufacturing & Services base and develop DMIC as a "Global Manufacturing and Trading Hub".
The programme will provide a major impetus to planned urbanization in India with manufacturing as the key driver.
In addition to new Industrial Cities, the programme envisages development of infrastructure linkages like power plants, assured water supply, high capacity transportation and logistics facilities as well as softer interventions like skill development programme for employment of the local populace
The first phase of the DMIC Project will cover five Investment Regions (or IR — ‘specifically delineated industrial region with a minimum area of more than 200 square kilometres) and three Industrial Areas (or IA — developed with a minimum area of more than 100 square kilometres).
The programme has been conceptualized in partnership and collaboration with Government of Japan.
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