Friday, February 20, 2009

Progress of the Japanese Projects on the Delhi - Mumbai Industrial Corridor (DMIC) reviewed

 
 
Principal Secretary to the Prime Minister, Shri T.K.A. Nair has reviewed the progress of the five ‘Early Bird’ Projects in the Delhi-Mumbai Industrial Corridor (DMIC) on behalf of the Prime Minister with the Department of Industrial Policy and Promotion (DIPP), representatives of the Government of Japan and the concerned State Governments. The promoters of the project, namely, MITSUI, Hitachi, Sony and NYK Logistics, who were also present, apprised the Principal Secretary of the progress and expressed their satisfaction at the support being provided by the State and Central Governments. DIPP ensured full government support so that the projects can come up within the accepted time frame and encourage other investors as well in DMIC. 

The Dedicated Freight Corridor and the DMIC along the western leg of the freight corridor are two important projects that were taken up for Japanese support at the instance of the Prime Minister. The Government of Japan has already announced a ODA Loan of 450 billion Yen (Rs. 17,700 crores) for the Western Leg of the Dedicated Freight Corridor. It has also undertaken to support the DMIC that is to come up in the States of Uttar Pradesh, Rajasthan, Haryana, Gujarat and Maharashtra alongside the freight corridor. A team from the Government of India, including representatives of the State Governments, would visit Japan for talks with the Japanese Government and other potential investors by the month end. 

The five ‘Early Bird’ Projects on the DMIC are: 

(i) Integrated India-Japan Enclave (IIJE) in Haryana (Project Developers – MITSUI & Company Limited) 

(ii) Free Trade Warehouse Zone (FTWZ) Project in Greater Noida (Project Developers – MITSUI & Company Limited) 

(iii) Captive Power Plant at Neemrana (Project Developers – Hitachi & other Japanese Companies) 

(iv) Jet Stream Logistics Projects at Neemrana (Project Developers – NYK Logistics) 

(v) DMIC Human Resources Training Project (Project Developers – Techno Brain Company & Science & Technology Park, Pune) 

It may be recollected that the five Early Bird Projects in the DMIC were announced by the Japanese Government during the visit of the Prime Minister, Dr. Manmohan Singh to Japan in October, 2008.

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