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DMIC to boost investment in up

Virendra Singh Rawat  |  New Delhi/ Lucknow 

(DMIC) and Dedicated Freight Corridor (DFC) are poised to be among the biggest industrial development projects in India, which will immensely boost public and private sector investment in the state.

Being strategically located between both the western and eastern DFCs, UP has the potential to attract large scale investment in future. The state government has already planned over 3,500 acres of Special Economic Zone (SEZ), multiple railway terminals, container depots etc.

“The private sector is expected to play a critical role in boosting the capacity of logistics infrastructure within UP,” Dedicated Freight Corridor Corporation of India (DFCC) director – Operation & Business Development said speaking at a conference on ‘Logistics Infrastructure: Key enabler for Sustainable Development’ organised by CII Western UP.

DMIC envisages one industrial region (Dadri-Noida-Ghaziabad) and one industrial area (Meerut-Muzaffarnagar) within UP. These areas are proposed to be self-sustained industrial townships with world-class infrastructure viz road, rail and air connectivity, quality social infrastructure and provide a globally competitive environment conducive for businesses.

UP serves as the first junction on the eastern DFC and about 55 per cent of the total 1,839 km of the eastern DFC passes through the state.

Indian Railways intends to develop Multi-modal Logistics Parks (MMLP) through public private partnership (PPP) along the proposed eastern DFC at strategic locations. Since, UP is a critical state on this corridor, an MMLP is proposed at Kanpur. The Park is to be developed on PPP mode as a common user facility with direct rail connectivity and state of art infrastructure.

DMIC is a mega infrastructure project of 90 billion US dollars with financial & technical aid from Japan, covering an overall length of 1,483 km between Delhi and Mumbai.

Under the project, multi-modal DFC has been proposed between the two cities and passing through UP, Delhi, Haryana, Rajasthan, Gujarat and Maharashtra with end terminals at Dadri in National Capital Region (NCR) and Jawaharlal Nehru Port near Mumbai.

Distribution of length of the corridor indicates that Rajasthan (39 per cent) and Gujarat (38 per cent) together constitute 77 per cent of the total length of the alignment of freight corridor, followed by Haryana and Maharashtra 10 per cent each and UP and NCR 1.5 per cent of total length each.

“Despite double dip recession, the growth has not hampered in India and projected growth for the 11th Plan period is likely to be around 8.5 per cent against the target of 9 per cent,” conference chairman Sankalp Shukla said.

India Center Foundation chairman said holistic infrastructure and logistics policy was needed to promote sustainable development in the state.

First Published: Mon, September 19 2011. 00:15 IST