Delhi Mumbai Industrial Corridor is conceived to be developed as a Model Industrial Corridor of international standards with emphasis on expanding the manufacturing and services base and develop the region as the ‘Global Manufacturing and Trading Hub’. The backbone of the DMIC is the proposed 1,500 km Dedicated Freight Corridor between Delhi and Mumbai. The DMIC programme aims to develop new industrial cities as “Smart Cities” on identified key nodes in the six states along the corridor (Uttar Pradesh, Haryana, Rajasthan, Gujarat, Madhya Pradesh, and Maharashtra) and converging next generation technologies across infrastructure sectors. It 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. In the first phase seven new industrial cities are being developed. The programme has been conceptualized in partnership and collaboration with Government of Japan.
The Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) acts as an intermediary for the purpose of development and establishment of infrastructure projects and facilities in India through developing and disseminating appropriate financial instruments, negotiating loans and advances of all nature, and formulating schemes for mobilization of resources and extension of credit for infrastructure. The organization undertakes project development services for investment regions / industrial areas/ economic regions/ industrial nodes and townships, for various central government agencies and also helps in assisting state governments. The organization acts as an intermediary for establishing infrastructure projects and facilities through developing and disseminating appropriate financial instruments, negotiating loans and advances, and formulating schemes for mobilization of resources and extension of credit for infrastructure. The shareholders of DMICDC include five agencies in all: Government of India represented through Department of Industrial Policy & Promotion, Ministry of Commerce & Industry (49.0%), Japan Bank for International Cooperation (JBIC) (26.0%), Housing and Urban Development Corporation Limited (HUDCO) (19.9%), India Infrastructure Finance Company Limited (IIFCL) (4.1%) and Life Insurance Corporation of India (LIC) (1.0%)
Website : http://dmicdc.com