Delhi Mumbai Industrial Corridor (DMIC) & Western Eastern Dedicated Freight Corridor (DFC)

[arya]

every one is making money guys what a good time for us to make money

 

[The Messiah]

What a scumbag

Medha Patkar terms DMIC project 'unconstitutional'

New Delhi, Mar 17 (ANI): Finance Minister Pranab Mukherjee might have informed the Lok Sabha on Friday that the 90 billion dollar Delhi-Mumbai Industrial Corridor (DMIC) is making significant progress, but veteran social activist Medha Patkar termed the project as 'unconstitutional', as she felt it would affect the future of inhabitants of areas in six states through which the project will pass.

Speaking to Asian News International on phone, Patkar said that objections have already been made in Maharashtra and Madhya Pradesh.

"It is perverted. You can't affect their living conditions and create a huge structure there. This is unacceptable," Patkar said.

Insisting that the full impact of the project has not been assessed by the DMIC authorities, Patkar said that the project will have to pass legal scrutiny or else it would be entangled in unlawful activities.

"In Madhya Pradesh, for example, the so called leaders are buying land and will make huge profit out of it. This is unnecessary. This is absolutely unconstitutional," Patkar added.

While presenting the union budget 2012-13, Mukharjee had said: "The DMIC is being developed on either side along the alignment of the western dedicated rail freight corridor. The project has made significant progress."

In September 2011, the government had approved a central assistance of 18,500 crore rupees spread over a period of five years to DMIC.

According to Mukherjee, the Japanese Prime Minister had announced a loan of 4.5 billion dollars as its participation share in the DMIC project.

The DMIC is a mega infra-structure project worth 90 billion dollars with the financial and technical aid from Japan, covering an overall length of 1,483 kilometres between Delhi and Mumbai. It incorporates nine mega industrial zones, high speed freight line, three ports, and six airports, a six-lane intersection-free expressway connecting the country's political and financial capitals. By-Mahaswetha Dass.(ANI)

Medha Patkar terms DMIC project 'unconstitutional'

wasn't she part of anna brigrade ?

 

[trackwhack]

This bitch started by ruining the Narmada dam, now she seems to be taking on DMIC.

 

[Shaitan]

NNNNOOOOOOOOOOOOOOOOoooooooooooooooooooooooooo

DMIC is the only hope I have for India!!

 

[parijataka]

This bitch started by ruining the Narmada dam, now she seems to be taking on DMIC.

Dont worry, I remember reading a news report of farmers who were benefitting from Narmada water to their fields chasing out her and her supporters from their village. If people are benefited they will not oppose the project.

 

[Shaitan]

Officials upbeat as DMIC project deadline reset to 2017


The deadline for the much-delayed Delhi Mumbai Industrial Corridor (DMIC) project have been revised from 2013 to 2017. DMIC Developement Corporation (DMICDC) CEO Amitabh Kant is confident that these new deadlines will be met, reports CNBC-TV18's Ronak Jain.
At an estimated USD 90 billion, the DMIC, was deemed an ambitious project. The original deadline of 2013 set for completion of the freight line was a tough task. Especially due to issues over land acquisition and delayed approvals from state governments.
Now, armed with a new deadline for the freight corridor set at 2017, DMICDC CEO Kant is oozing confidence.
"There is no delay; I think we moved pretty fast. Our objective for the first phase from 2012 to 2019 across seven new cities should be completed by 2019 and I think we are well on time. The train will run by 2017-end on dedicated freight corridor," explained Kant.
But that's not to say the challenges have evaporated. A mega project like this which constitutes industrial zones, high-speed freight lines, ports, airports and an expressway connecting the political and financial capitals has its own unique problems.
"This is a big project which needs to be broken into smaller components. The smaller components need to be planned well and then those plans need to be strictly adhered to. Then there is the challenge of bringing in technology to make quantum advances. Lastly, is the need to bring in long-term financing," added Amitabh Kant.
And of course, the people of India need to chip in.
"These projects are long-term for Indians. We must start understanding that they are difficult, complicated and challenging. Projects of this nature can't be done over night."
However, not everyone shares Kant's confidence. Experts say that given the difficulty in raising funds, the government's struggle with policy paralysis both at the Centre and state level, may make it difficult for even the revised deadline of 2017 to be met.

 

[Shaitan]

'43 mega projects to come up in state'


AURANGABAD: Chief minister Prithviraj Chavan said that 43 mega projects would come up in Maharashtra and 13 of them, with an investment of about 10,000 crore, would be in the Marathwada region.

"These projects are expected to generate 26,000 jobs in the state,'' Chavan added, while addressing a programme organized to mark 50 years of modern industry in Marathwada on Saturday evening.

It was on January 12, 1962 that two brothers, Nanasaheb Bhogale and Shrikant Bhogale, had initiated modern industrial culture in Aurangabad with the launch of their Umasons, a hospital equipment manufacturing unit in Aurangpura in Aurangabad, which has now turned into a Rs 400-crore group. The Marathwada region now accounts for 3,000 industries, including micro, small, medium, and large industries and multinationals companies.

About 40 organizations representing industries and trade in Marathwada joined hands to celebrate the 50 years of industry and chalk out a course of action to ensure systematic trade and industrial development in the backward region. The organizations had invited the chief minister for the programme to apprise him of the region's industrial journey as well as to present him a road map for the next 20 years.

The event also included felicitation of 20 business and industrial houses which have completed 50 or more years and still making progress.

Addressing a gathering of traders and industrialists, the chief minister said that, along with the mega projects, the government intends to pay special attention to strengthen the small and medium industries also. Responding to the presentation by Mukund Kulkarni, president, Chamber of Marathwada Industries and Agriculture (CMIA), and Mansingh Pawaar, former president of the Maharashtra Chamber of Commerce and Agriculture (MACCIA), the chief minister said that he would soon convene a meeting of various departments in Mumbai to ensure that the required infrastructure for the growth of Marathwada region is provided.

He also said that efforts would be made to remove difficulties cropping up in the way of the proposed Delhi-Mumbai Industrial Corridor (DMIC), which included Aurangabad and Jalna districts.

District guardian minister Balasaheb Thorat, school education minister Rajendra Darda, minister for higher and technical education Rajesh Tope, Rajya Sabha MP and president of the Associated Chambers of Commerce and Industry of India (ASSOCHAM) Rajkumar Dhoot, Aurangabad MP Chandrakant Khaire, industrialists Ram Bhogle, Ulhas Gaoli and Mansingh Pawaar, raised a number of issues pertaining to the industrial growth.

"The government has just to provide the infrastructure, the industry would turn into money spinners,'' they said.

Ram Bhogale said that, when the Bhogles launched their industry in 1962, there was virtually no infrastructure available.

"Now the situation has changed considerably. Still, even after 50 years, some issues have to be resolved.''

 

[nrj]

How come we missed this ?

India to give 26% stake in DMICDC project to Japan govt

India has agreed to supply 2mt of iron ore annually to Japan by extending an earlier agreement

India has agreed to give the Japanese government a 26% stake"Šin the much-delayed Delhi-Mumbai Industrial Corridor Development Corp. (DMICDC) to accelerate the project.

After the second India-Japan ministerial business-government policy dialogue on Monday, India's commerce and industry minister Anand Sharma said the ministry has moved a cabinet note for extending a 26% equity participation to the Japanese government and a decision will be taken soon.

Sharma and Japan's minister of economy, trade and industry, Yukio Edano, jointly chaired the meeting.

The Union government will hold a 49% stake in DMICDC and the balance 25% will be held by government-owned financial institutions such as India Infrastructure Finance Co. Ltd, Life Insurance Corp. of India and Housing and Urban Development Corp. Ltd, an industry department official said on condition of anonymity.

Japan has already committed to investing $4.5 billion in DMICDC projects.

The Japan government's intent to take an equity stake in DMICDC is a sign of the country's commitment to the project, said former industry department secretary Ajay Dua. "The advantage is, Japan will bring in a high level of scrutiny to the project. This should be welcomed," he said.

DMICDC proposes to develop what it calls self-sustainable smart cities on either side of the 1,483 km-long western dedicated rail freight corridor between Dadri in Uttar Pradesh and Jawaharlal Nehru Port Trust in Navi Mumbai.

It was incorporated in January 2008 with an authorized equity base of Rs. 10 crore. The government held a 49% stake in the special purpose vehicle, Infrastructure Leasing and Financial Services Ltd (IL&FS) owned 41% and Infrastructure Development Finance Co. (IDFC) the balance 10%.

Sharma also said India has agreed to supply 2 million tonnes (mt) of iron ore annually to Japan by extending an earlier agreement.

In separate talks between Indian foreign minister S.M. Krishna and Japanese foreign minister Koichiro Gemba, the two countries agreed to open dialogues on cyber and maritime security besides intensifying cooperation in the infrastructure sector by drawing a masterplan for the proposed Chennai-Bangalore transport corridor and India looking at sourcing high-speed rail technology from Japan.

The two countries will hold their first joint naval exercises, off the coast of Japan, in June. Both sides decided to speed up talks to conclude an agreement on civil nuclear cooperation that has been kept on hold since the radiation leak at the Fukushima Daiichi nuclear power plant in the aftermath of the earthquake and tsunami in Japan last year.

Japan has been keen that India sign the nuclear non-proliferation treaty (NPT) and is uncomfortable that India keeps its nuclear testing options open. Both sides have finished three rounds of talks on the subject.

The two countries also agreed to accelerate cooperation in the development of rare earth elements critical for the manufacture of high-end and high-tech electronics—first mentioned in the India-Japan joint statement issued at the end of Japanese Prime Minister Yoshihiko Noda's visit to India in December.

"Economically speaking, there are complementarities between Japan and India, there is room for development and further deepening (of) economic relations," said Gemba. "We are at the stage to open up the lid to further develop our bilateral economic relationship."

In the political and security arena, besides new talks on maritime and cyber security, India and Japan will "maintain close cooperation with regard to the use of outer space", he said, adding that both countries also discussed ways to working together to "promote comprehensive economic partnerships in East Asia".

"We also had a preliminary exchange of ideas of the Chennai-Bangalore transport corridor," Krishna said, recalling that the prime ministers of India and Japan in December had flagged this as a key project given that an "increasing number of Japanese companies, including small and medium enterprises, have made direct investments to establish their manufacturing base or other forms of business presence" in this area.

India to give 26% stake in DMICDC project to Japan govt - Economy and Politics - livemint.com

 

[Shaitan]

$100 bn Delhi-Mumbai Industrial Corridor: FinMin OK's 26% Japan stake


In order to give a big thrust to manufacturing sector, the Finance Ministry has given green signal to the DIPP's proposal to give 26 per cent stake to the Japanese government in the USD 100-billion Delhi-Mumbai Industrial Corridor project.

"We have received comments from the Finance Ministry and they have supported the proposal. Soon we will move the final note for Cabinet Committee on Economic Affairs approval. We had moved the draft cabinet note in December 2011 itself," a commerce and industry ministry official said.

All the other concerned ministries including the labour ministry have already supported the proposal of the Department of Industrial Policy and Promotion (DIPP).

As per the draft cabinet note on the DMIC Development Corporation (DMICDC) re-structuring, 49 per cent stake will be held by the government, 26 per cent by the Japanese government and 25 per cent with state-run institutions - Life Insurance Corporation, HUDCO and India Infrastructure Finance Company.

The DMIC Development Corporation (DMICDC) is a special purpose vehicle for the implementation of the Delhi-Mumbai Industrial Corridor (DMIC) project. It will run the trust fund into which the government, multilateral agencies and Japanese entities will invest to finance the project.

The official said timely restructuring would help in fast-tracking the ambitious project.

The manufacturing sector, which constitutes over 75 per cent of the index of IIP, grew barely 0.1 per cent in April, as against 5.7 per cent in April 2011.

The Corporation will develop industrial enclaves along the Delhi-Mumbai rail corridor encompassing seven states - Delhi, Uttar Pradesh, Haryana, Rajasthan, Gujarat, Maharashtra and Madhya Pradesh.

The Cabinet had approved equity restructuring of DMICDC and an expenditure of Rs 18,500 crore on development of infrastructure in September 2011.

This plan will make DMICDC a deemed government company. Japan, which has expressed keen interest in the DMIC project, intends to invest USD 4.5 billion in the project, which will cover 1,483 km between Delhi and Mumbai, over the next five years.

The DMIC project, which was conceptualised in 2006, is being developed in collaboration with Japan as a manufacturing and trading hub, though Japanese participation did not involve equity holding till now.

The project aims to create globally competitive environment and latest infrastructure to activate local commerce, enhance foreign investment, create employment opportunities, enhance exports and attain sustainable development.

According to experts, the progress and implementation of projects would depend upon the availability of land.

 

[thakur_ritesh]

How is it that the finance ministry has all of a sudden started making all the right noises with the exit of Pranabda.

Good, the ministry is on the move at last.

So, do we get to see the rupee notch up further. Let's see, but i sense yes.

 

[Shaitan]

Israel to build billion dollar new port in Gujarat

AHMEDABAD: Gujarat government has given a go-ahead to construction of the proposed port at Nargol, 120 km south of Surat. A consortium of Cargo Motors Limited and Israel Ports Company (IPC) will develop the port at an investment of Rs 4,000 crore, a state government official said.

"The Gujarat government has recently okayed the GMB bid given to the consortium. Now the work of this greenfield port will take off," said a senior official of the department of Road, Ports and Transport.

Nargol is amongst eight greenfield ports being developed by Gujarat Maritime Board (GMB), the maritime regulator in Gujarat. Other ports Mundra, Pipavav, Dahej and Hazira have been made operational by private players, while Chhara, Kacchigadh and Mahuva are under various stages of development.

Nargol falls in the upcoming Delhi-Mumbai Industrial Corridor ( DMIC), about 120 km south of Surat and 140 km north of Mumbai is perceived as a multi-purpose port capable of handling solid, liquid and container cargo.

The place is well connected with road and rail network. Plans are underway to expand the two-lane state highway into an eight-lane divided carriageway.

It has a draft (depth) of 11-12 metres. The developers expect to reclaim 75-150 hectares of land for developing the port, whose first phase is likely to be commissioned by 2015-2016, said a GMB official. The proposed port is estimated to have an initial cargo handling capacity of 1.2 million twenty-feet equivalent units (TEU).

When operational, it is expected to ease the burden on the Jawaharlal Nehru Port Trust ( JNPT) in Mumbai. The developers are also looking at the possibility of offering Roll-On-Roll-Off (RO-RO) service, where passenger and cargo vehicles can be ferried in giant ships.

Mumbai-based Shapoorji Pallonji has undertaken work for the Chhara port in Junagadh and Larsen and Tubro is developing Kachchigadh port in Jamnagar. The consortium had won a bid in January earlier this year and was awaiting a final approval for the go ahead from the state government.

The bidding witnessed participation of at least twenty companies of which Essar, Sterlite-Vedanta consortium, Gammon India and consortium of Israel Port Company -Cargo Motors were shortlisted for the final selection. Cargo Motors runs car dealerships and is akso involved in the hospitality, logistics, construction and power industries while IPC has over 50 years of experience in maritime infrastructure.

Gujarat Maritime Board handles 41 minor ports, which have a share of 25% of the nation's total cargo and account for 80% of the total traffic handled by other non-major ports of India. Traffic at Gujarat's non-major ports grew 11.31% quarter-on-quarter to reach 63.20 million tonnes during the first quarter of the current fiscal.

 

[nrj]

2 Smart cities at Shendra(MH) and another in Gujarat.

I am happy, Marathwada is getting its due investment !

 

[nrj]

I can confirm that first phase of land acquisition at DMIC Shendra-Bidkin Smart City & industrial cluster is over completely, second phase acquisition is near complete and the 3rd(last) phase land acquisition is on-going. Things are working as per planned schedule and maybe actual work will begin by June. I say 'maybe' because dumb Medha Patkar is regularly making trips in the city with her jholachap NGO buddies sharing tea with farmers.

 

[charlie]

update.........................................

 

[LurkerBaba]

A really important project. This thread should be receiving waay more attention. Posting some old news
==
"DFFCIL is aiming to start full commercial operation on the adjoining 650km stretch of the new line between Palanpur and Rewari in March 2020.

The 1534km Western DFC runs from Jawaharlal Nehru Port Trust (JNPT) in Mumbai to Dadri near Delhi and will largely cater for container traffic from existing and emerging ports in Maharashtra and Gujarat to terminals in the northern hinterland."

Commercial trials begin on Western DFC section

The inaugural commercial trial run on the 306km Rewari - Madar section of the Western Dedicated Freight Corridor (DFC) took place on December 27.

www.railjournal.com

 

[LurkerBaba]

Pleasantly surprised by the production quality of the video. Gives some highlights of the Western DFC and Eastern DFC.

 

[LurkerBaba]

Some work has resumed. I've changed the title to included Eastern DFC too

 

[nrj]

A really important project. This thread should be receiving waay more attention.

I remember posting here & actively debating in 2011-12. Boy, I was such an optimist then...

Its good they prioritized the freight corridors first. Hopefully highways will get decongested now. Also fair bit work done in Aurangabad, had opportunity to visit a facility there few months ago. It needs good companies to nest in there now. Not much has moved in that space so far. Faster completion of rail/road link to JNPT will possibly help. Big boys like VW group will happily extend arrangement.

They'll have to get creative with overall DMIC project funding now. We have almost exhausted good returns of public-private partnerships. And Japan, well let's wait to see the Q2 numbers. But it ain't looking good for them. Unless we start to strategically sell debt, financing mega projects is going to be difficult hereon.

 

[LurkerBaba]

NNNNOOOOOOOOOOOOOOOOoooooooooooooooooooooooooo

DMIC is the only hope I have for India!!

Sup @Shaitan

I remember posting here & actively debating in 2011-12. Boy, I was such an optimist then...

Its good they prioritized the freight corridors first. Hopefully highways will get decongested now. Also fair bit work done in Aurangabad, had opportunity to visit a facility there few months ago. It needs good companies to nest in there now. Not much has moved in that space so far. Faster completion of rail/road link to JNPT will possibly help. Big boys like VW group will happily extend arrangement.

They'll have to get creative with overall DMIC project funding now. We have almost exhausted good returns of public-private partnerships. And Japan, well let's wait to see the Q2 numbers. But it ain't looking good for them. Unless we start to strategically sell debt, financing mega projects is going to be difficult hereon.

Western DFC has been in an "almost done" state for a while now. You know the situation on the ground ?

 

[Rxbanda]

A really important project. This thread should be receiving waay more attention. Posting some old news
==
"DFFCIL is aiming to start full commercial operation on the adjoining 650km stretch of the new line between Palanpur and Rewari in March 2020.

The 1534km Western DFC runs from Jawaharlal Nehru Port Trust (JNPT) in Mumbai to Dadri near Delhi and will largely cater for container traffic from existing and emerging ports in Maharashtra and Gujarat to terminals in the northern hinterland."

Commercial trials begin on Western DFC section

The inaugural commercial trial run on the 306km Rewari - Madar section of the Western Dedicated Freight Corridor (DFC) took place on December 27.

www.railjournal.com

Very much agree... one of the several problems which businesses have in India is with logistics. This project will greatly help improve logistics both through rail and road. I heard that Western DFC was to be opened early 2021. Not sure if COVID-19 would cause any delays. Hopefully not.