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First phase of DMIC project launched in Maharashtra

To develop an industrial city in Aurangabad among others.

Mumbai | March 4, 2014 1:26:45 am

The Maharashtra government on Monday launched the first phase of the Delhi-Mumbai Industrial Corridor (DMIC) project, which has the potential to generate industrial output of Rs 20 lakh crore and manufacturing jobs of 38 lakh by 2042.

The state government will take up the development of Shendre-Bidkin Industrial City at Aurangabad in the first leg, which will have an investment of Rs 17,319 crore.

The state government and the DMIC Trust have formed a joint venture for developing these projects wherein the state will have 51 per cent stake, while the rest will be held by DMIC. “Our contribution will be in the form of providing land, while the Centre’s contribution would be to the tune of Rs 3,000 crore for each township project.

For the rest, we have tied up with the Japan International Cooperation Agency (JICA),” Maharashtra chief minister Prithviraj Chavan said after the formal signing of the shareholder and state support agreements. The Shendre-Bidkin project is expected to generate 5 lakh jobs.

Commerce minister Anand Sharma said: “The DMIC will drive the industrial growth of the country by creating wealth as well as employment. The six states through which the corridor passes will be linked to the National Manufacturing Policy.” The DMIC project will be developed in two phases. The first phase, in addition to Shendre-Bidkin industrial city, includes an exhibition and convention centre in Aurangabad, and a multi-modal logistics park at Karmad and water supply scheme for Shendre.

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