New Delhi, Dec 5: The Centre has granted in principal approval to the development of the Delhi Mumbai Industrial Corridor (DMIC) and work on it will begin early next year, the Rajya Sabha was informed today.
In a reply during Question Hour, Minister of State for Commerce and Industry Ashwini Kumar said the project, aimed at providing good quality industrial infrastructure in selected industrial nodes, is scheduled to be completed by the year 2012.
In phase I of the DMIC project, the Government has approved development of 12 industrial nodes in Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra, the Minister said.
He said an Apex Monitoring Authority had been constituted by the Government with eight Central Ministers and Chief Ministers of UP, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra to provide overall guidance, planning and approvals.
A corporate entity "Delhi Mumbai Industrial Corridor Development corporation (DMICDC) with 49 per cent equity by the Government is envisaged for project development, coordination and financing wherever needed.
The Phase I of the project is scheduled to be completed in synchronisation with Delhi Mumbai Dedicated Rail Freight Corridor.