The Hindu Business Line : Project work on Delhi-Mumbai industrial corridor by Jan

6-STATE CORRIDOR: The Union Minister for Commerce and Industry, and the Japanese Minister of Economy, Trade and Industry, Mr Akira Amari, at a CII interactive session with Indian businessmen in the Capital on Saturday. — Kamal Narang

New Delhi April 14 The proposed Delhi-Mumbai Industrial Corridor is all set to take shape with the project work likely to begin by January next year. Expected to be built over a seven-year period, the Corridor would involve an overall investment of $45-50 billion, the Commerce and Industry Minister, Mr Kamal Nath, said here on Saturday.

"The project work will start in January 2008 after finalisation of detailed project report by end of December this year. Land will not necessarily be acquired by the States for the purpose," said Mr Kamal Nath on the sidelines of a meeting organised by the Confederation of Indian Industry.

The Japanese Government would be involved in the project in a major way and would help finance part of it through grants and by facilitating Japanese private sector participation.

Investment

The corridor should be beneficial to both the countries in terms of development of ports, business parks and infrastructure and Japan is committed to a huge investment for the project, the Japanese Minister of Economy, Trade and Industry, Mr Akira Amari, said at the CII meeting.

To cover 6 States

The 1,483-km corridor will cover six States — Uttar Pradesh, Delhi-NCR, Haryana, Rajasthan, Gujarat and Maharashtra — and these States would be made stakeholders.

The corridor will have a 4,000-MW power plant, three greenfield ports and six airports, said Dr Ajay Dua, Secretary, Department of Industrial Policy and Promotion. It would also link 10 cities with more than 10 lakh population — Faridabad, Surat, Delhi, Greater Mumbai, Meerut, Jaipur, Ahmedabad, Surat, Vadodara, Pune and Nashik.

The industrial corridor has been planned along major transport arteries such as highways, passenger train connectivity and rail freight corridors connecting to ports to facilitate imports and exports, he added.

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