75,000 acres acquired for mega city south of Ahmedabad

75,000 acres acquired for mega city south of Ahmedabad

Spread over 940 square kilometer,a new city would be developed at Dholera by the Delhi-Mumbai Industrial Corridor Development Corporation(DMICDC)as a part of its USD 90 billion project spread across six states.

In all, the DMICDC,a public-private-partnership venture, has acquired 80,000 acres, its CEO and Managing Director Amitabh Kant said today at a Ficci function here.
"Dholera would be one of the biggest urban development projects in the world today," Kant said.

The DMICDC is implementing the USD 90 billion project spread across Delhi, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan and Gujarat.

The project involves building industrial and commercial infrastructure along the Delhi-Mumbai dedicated freight corridor which is also underway with the help of the Japan Government.

The DMICDC project also involves development of new cities along the route.
Seeking foreign investment in the DMICDC project, he said it is ideally suited for the global investors, as they do not have to run for land acquisition and environment clearances.

"In India, we invite investors...we say go and take environmental clearance and land. It takes five years to do all this and even then after this investor keeps running into problem. Classic (case )is Posco," Kant said

He said such problems would not be faced by investors in DMICDC projects.
India aims at increasing share of the manufacturing sector in the Gross Domestic Product to 25 per cent by 2025 from 15 per cent at present.

Besides acquiring land for cities, the corporation has taken environmental clearance for six gas-based power projects to augment power supply in industrial hubs and cities.

"...we are developing six power projects so that in these cities there is no shortage of power," Kant said.

It has also completed the master plans of new cities to be developed in Haryana (Manesar-Bawal Investment Region) and UP (Dadri-Noida-Ghaziabad Investment Region.

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