The Delhi-Mumbai Industrial Corridor Project is a State-Sponsored Industrial Development Project of the Government of India. It is an ambitious project aimed at developing an Industrial Zone spanning across six states in India. The 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. The ambitious Delhi Mumbai Industrial Corridor (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 will be 1,000 crore (US$190 million). Both the Japanese and Indian governments contribute equally.
Contents |
Ministry of Commerce and Industry Anand Sharma has proposed the establishment of a USD 9 billion revolving fund with matching contribution from India and Japan to kick start the implementation process of the USD 100 billion Delhi Mumbai Industrial Corridor Project.[1]
The corridor would include six mega investment regions of 200 square kilometers each and will run through six states Delhi, Western Uttar Pradesh, Southern Haryana, Eastern Rajasthan, Eastern Gujarat and Western Maharashtra. The corridor, spread across 2,700 km with an additional 5,000 km of feeder lines connecting Mumbai to West Bengal.
Conceived as a global manufacturing and trading hub, the 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, the bulk of which will be in the manufacturing/processing sectors.
The ambitious project will be funded through private-public partnership and foreign investment. Japan will be a major investor for this project. The corridor will span 1483 km.
It will include a 4000 MW power plant, three seaports 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 composed of government and the private sector.
It will be implemented through special purpose vehicles [SPVs]. The project is expected to deliver a 2-3-4-5 benefit: to double employment (2), triple industrial output (3) and quadruple exports (4) from the region in five years (5). It will built along a dedicated rail freight corridor, and once commissioned, will reduce the Delhi-Mumbai transit time from 60 to 36 hours.
Northern Peripheral Road road is being developed under the public private partnership (PPP) model. This stretch will connect Dwarka with National Highway 8 at Kherki Daula and will pass Pataudi Road. The NPR stretch has been planned as an alternate link road between Delhi and Gurgaon, and is expected to ease the traffic situation on the Delhi-Gurgaon Expressway. The road will also provide connectivity to the much-touted Reliance-HSIIDC SEZ besides the Garhi Harsaru dry depot.[2]
As such, the Government of Rajasthan proposed to establish a “Dry Port” facility at Rabhana, Near Bhiwadi in Rajasthan to service trade in and around the state. The objective of the consultancy services was to establish project viability, evaluate the alternate sites and recommend the facilities and details of the infrastructure and services to be provided, and conduct a detailed study/analysis of its technical, social, economic and financial viability. The project ensures coordination of the input of a large project staff, and completion within schedule. It is reviewed and edited the final report and provided specialist advice on the organization and marketing considerations in the containerized transportation industry. The facility, to be constructed at a cost of Rs 200 Crore, is expected to function as an enhanced CFS with facilities like container yards, transit sheds, warehouses, railway sidings and truck parking. The port would be complemented with modern cargo-handling equipment with functions like stuffing of containers being mechanized. The port will concentrate on containerized cargo. The transfer of bulk and break bulk would prove expensive at the dry port. The detailed project report for Phase I of the project was completed in September 2001. Acquisition of land, though yet to commence, will be expedited by RIICO. Construction work is scheduled to commence in early 2003. The World Bank has agreed to provide funds for the BOT project. The Indian port sector is going through a major transformation with the Government of India planning to spend around 2.7 trillion ($60 billion) in the current decade, mainly on development and expansion of ports. Initially, by March 2017, India has planned public and private investment of 342 billion ($7.6 billion) to create seven new ports as part of the country's drive to triple its merchandise exports. According to the Ministry of Shipping, India aims to triple its merchandise exports from $225 billion in 2010 to $750 billion by 2017. However, growth has been constrained by inadequate investment in port infrastructure. Cargo handling at many of the country's ports is painfully slow compared to major ports elsewhere in Asia. At present, port projects worth $2.3 billion are currently in progress for up-gradation of capacity from 963 million tons in 2010 to 3.1 billion tones in a few years. Much of this expansion will depend on private sector investment, particularly from major terminal operators like DP World and APM Terminals who already have a presence in India.
Much like Delhi, Gurgaon too will have a BRT corridor to decongestant traffic on the Northern Peripheral Road. In several sections, the NPR will have provisions for the Bus Rapid Transit (BRT) corridor to ensure smooth flow of traffic. The road will be fully developed in March 2012.[3]