Delhi-Mumbai Industrial Corridor (DMIC)

Discussion in 'Economy & Infrastructure' started by NSG_Blackcats, Dec 29, 2009.

  1. arya

    arya Senior Member Senior Member

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    every one is making money guys what a good time for us to make money
     
  2. The Messiah

    The Messiah Bow Before Me! Elite Member

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    wasn't she part of anna brigrade ?
     
  3. trackwhack

    trackwhack Tihar Jail Banned

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

    Shaitan Zandu balm all day Senior Member

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    NNNNOOOOOOOOOOOOOOOOoooooooooooooooooooooooooo

    DMIC is the only hope I have for India!!
     
  5. parijataka

    parijataka Senior Member Senior Member

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    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.
     
  6. Shaitan

    Shaitan Zandu balm all day Senior Member

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    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.
     
  7. Shaitan

    Shaitan Zandu balm all day Senior Member

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    ‘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.''
     
  8. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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

    Shaitan Zandu balm all day Senior Member

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    $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.
     
  10. thakur_ritesh

    thakur_ritesh Administrator Administrator

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    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.
     
  11. Shaitan

    Shaitan Zandu balm all day Senior Member

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    Israel to build billion dollar new port in Gujarat


     
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  12. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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

    I am happy, Marathwada is getting its due investment !
     
  13. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    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.
     
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