Economy
Government to set up 8 investment regions under the Delhi-Mumbai Industrial Corridor

The government is setting up eight investment regions under its ambitious DMIC project and has also given an in-principle nod for setting up one NIMZ at Nagpur

The government is setting up eight National Investment and Manufacturing Zones (NIMZs) under the Delhi Mumbai Industrial Corridor (DMIC) that is being set up along with the Western Dedicated Freight Corridor (DFC).

 

In a written reply in the Rajya Sabha, minister of state of commerce and industry, Jyotiraditya Scindia said the new policy is aimed at setting up a Technology Acquisition and Development Fund (TADF) to support the creation of a patent pool; domestic manufacturing of equipments inter-alia for controlling pollution and reducing energy consumption, environmental audit and green buildings.

 

He was replying to questions asked by Rajeev Chandrasekhar, an independent Member of Parliament (MP).

 

According to the minister, one NIMZ at Nagpur, which is outside the DMIC region, has also been given in-principle approval. The eight NIMZs include Ahmedabad-Dholera Investment Region in Gujarat, Shendra-Bidkin Industrial Park city near Aurangabad in Maharashtra, Manesar-Bawal Investment Region in Haryana, Khushkhera-Bhiwadi-Neemrana Investment Region in Rajasthan, Pithampur-Dhar-Mhow Investment Region in Madhya Pradesh, Dadri-Noida-Ghaziabad Investment Region in Uttar Pradesh, Dighi-Port Industrial Area in Maharashtra and Jodhpur-Pali-Marwar region in Rajasthan.

 

Replying to another question, Mr Scindia said, “The Japan International Cooperation Agency (JICA) team has conducted preliminary study for comprehensive master plan for Chennai-Bangalore Industrial Corridor. However, this is not a rail-based industrial corridor.”

 

According to a PTI report, India and Japan have agreed to move ahead with the Bangalore-Chennai Industrial Corridor project, with Tokyo pledging to help New Delhi chalk out plans for development of infrastructure in the region.

 

DMIC is an ambitious project spread across 2,700 km in six states, Delhi, Western Uttar Pradesh, Southern Haryana, Eastern Rajasthan, Eastern Gujarat and Western Maharashtra. The government proposed the establishment of a $9 billion revolving fund with matching contribution from India and Japan to kick-start the implementation process of the $100 billion DMIC project. It includes a 4,000 MW power plant, three seaports and six airports in addition to connectivity with the existing ports.

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