Government gives a punch to industrialization, allocates Rs 4300 crores to two cities on DMIC belt

The government is not wasting any time to speed up the proposed industrial projects.

Today, the Cabinet Committee on Economic Affairs, the high power body chaired by Prime Minister Narendra Modi has allocated Rs 4300 crores to two industrial locations in Gujarat and Mharashtra for infrastructure development. Both these projects come under the $90 billion Delhi Mumbai Industrial Corridor project.

Gujarat’s Dholera Special Investment Region, one of the two investment region in the state under the DMIC, will get nearly 2700 crore rupees for constructing trunk infrastructure. Dholera is a port city between Ahmedabad and Bhavnagar and is expected to be top contender to become India’s first smart city.

Development of Dholera will give a great push to the Delhi-Mumbai Industrial Corridor Project as well. Gujarat has six nodes out of the total twenty four industrial nodes proposed under the DMIC. These include two investment regions and four industrial areas.

Dholera’s partner under the new fund injection drive is Shendra-Bidkin Industrial Area (SBIA) in Maharashtra’s Aurangabad District. The Industrial Area lies nearly at the southern entry point of the DMIC.

Land acquisition for Dholera is almost complete as the state government has provided land in the form of equity participation.

Of the proposed DMIC projects, the Dholera –Ahmedabad belt and the SIBA are way ahead to undergo infrastructure expansion.

The trunk or basic infrastructure creation in both projects are expected to be completed in three four years.