451 acre allotted under DMIC project in four states
Real Estate

451 acre allotted under DMIC project in four states

Nearly 451 acre of land has been allotted by the government to various firms for setting up manufacturing units in four states, namely Gujarat, Maharashtra, Madhya Pradesh and Uttar Pradesh. The investment commitment by companies under DMIC project is expected to be around Rs 94.83 billion. 

The 451-acre has been allotted for manufacturing units in Dholera in Gujarat, Shendra-Bidkin in Maharashtra, Vikram Udyogpuri in Madhya Pradesh and IIGNL in Greater Noida, Uttar Pradesh. These four regions are part of the eight industrial zones which are planned for Phase-I of the DMIC project.

Besides, the South Korean Hyosung Corporation, China-based Haier and Amul have been reportedly allotted land under Phase-I of the project to set up units. Reportedly, the process of land allotment has already started as respective plots have been allotted. Currently, 64 plots have been reportedly allotted, measuring 451.04 acre with an investment of Rs 94.83 billion, which has been committed by the industry players. 

The Delhi-Mumbai Industrial Corridor (DMIC), a mega-infrastructure project, covers an overall length of 1,483 km between Mumbai and Delhi. The DMIC aims to develop world-class industrial cities along the corridor. As part of Phase-I, the infrastructure development work is reportedly in full swing.

A special purpose vehicle, DMIC Development Corporation, had been set up the government for project development, coordination and implementation. The DMIC project has been implemented jointly by the respective state governments and the Centre. The investment regions that have been identified for the development across six states includes Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh and Delhi.

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