DMIC

In pursuance of an MOU signed between the Government of India and the Government of Japan during the Hon’ble Prime Minister’s visit to Tokyo in December 2006 to promote investments and explore opportunities for mutual cooperation, Government of India accorded ‘in principle’ approval to the project outline of Delhi – Mumbai Industrial Corridor (DMIC) Project in August 2007. The DMIC is proposed to be developed on either side along the alignment of the 1483 km long Western Dedicated Rail Freight Corridor between Dadri (UP) and Jawaharlal Nehru Port Trust (JNPT), Navi Mumbai. The project seeks to create a strong economic base with a globally competitive environment and state-of-the-art infrastructure to activate local commerce, enhance investments and attain sustainable development. A model Industrial Corridor of international standards is proposed to be developed with emphasis on expanding the manufacturing and services base and creating a “Global Manufacturing and Trading Hub”. The DMIC runs across the six States of Uttar Pradesh, Haryana, Madhya Pradesh, Rajasthan, Gujarat and Maharashtra and majority of projects in DMIC are envisaged to be implemented through Public Private Partnership.

In Rajasthan, the largest DMIC Junction is developed in Phulera. Phulera is already a important junction for passengers train. Phulera has been the epicenter for growth of Jaipur and near by towns including Sambhar. Investments are pouring in from all sectors for industrial development in the arena. ABR Greens infrastructure is playing a pivotal role in developing Residential colonies in the phulera and sambhar. They have delivered ABR Aashirwad greens that is in phulera 3 km from DMIC, New Phulera Junction. Another society in Sambhar, ABR Udyog nagar and now currently working on ABR Grah Laxmi Society.

The DMIC Development Corporation (DMICDC) was incorporated The DMIC Development Corporation (DMICDC) was incorporated in January, 2008 for project development, coordination and implementation of the numerous projects. The Authorised Capital of DMICDC of Rs.10 crore was held by Government of India (49%) and private entities (51%). In pursuance of the Cabinet decision dated 15th September, 2011, the equity held in DMICDC by IL&FS (41%) and IDFC (10%) were taken over by IIFCL (41%) and LIC(10%) respectively. The Authorized Capital of DMICDC was increased from Rs.10 crore to Rs.100 crore. Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) is the ex officio Chairman of DMICDC. The Chief Executive Officer of DMICDC has been appointed on the recommendation of a Search Committee headed by the Cabinet Secretary. In pursuance of the Cabinet decision in August, 2012, equity structure of DMICDC was revised whereby Government of India’s equity is retained at 49%, JBIC’s (Japan Bank for International Cooperation) equity at 26%, HUDCO at 19.9%, IIFCL at 4.1% and LIC at 1%.

The Cabinet in its meeting held in August, 2007 approved development of 24 investment regions/ industrial areas under the project. Following six Investment Regions and six Industrial Areas were approved to be developed in project.

In pursuance of the GOI approval for the creation of a dedicated corpus to facilitate the funding for the development of a world class infrastructure at the Industrial Cities, DMIC Project Implementation Trust was set up on 27th September, 2012. The Trust is managed by the six Trustees i.e Secretary, Department of Economic Affairs, Secretary, Department of Industrial Policy and Promotion, Secretary, Planning Commission, Additional Secretary & Financial Adviser, Department of Industrial Policy & Promotion, Joint Secretary, Department of Expenditure and CEO & MD, DMICDC. Secretary, Department of Economic Affairs is the Chairman of the Board of Trustees and CEO & MD, DMICDC is the Chief Executive Officer of the Trust. The Trust has met seven times as on 25th June, 2014. A special meeting of DMIC Trust was also held on 17th Jan, 2014.

• Model Solar Power Project Neemrana & Sambhar, Rajasthan
• Water Desalination Project at Dahej, Gujarat
• Logistic Data Bank Project in Phulera, Jaipur
• Vikram Udyogpuri, Ujjain, Madhya Pradesh
• Integrated Industrial Township at Phulera, Jaipur & Greater Noida, UP
• Multi Modal Logistics Hub at Phulera, Jaipur & Greater Noida near Dadri
•  Improvement of Water Supply System to Pithampur Industrial Area and Phase-1of Pithampur-Dhar-Mhow Investment Region, Madhya Pradesh
•  Integrated multimodal Logistics Hub, Rewari Haryana
•  Construction of New Rail Line from Bhimnath to Dholera Special Investment Region in Gujarat.