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Gujarat govt to formulate SIR Act

BS Reporter  |  Mumbai/ Gandhinagar 

clears Dholera port, intl airport, Central Spine and metro extension projects.

In a significant move, the state government has decided to formulate to facilitate the development of the falling under the

Presently, two special investment regions (SIR) namely Petroleum, Chemicals and Petrochemicals Industrial Region (PCPIR) in Dahej and SIR in Dholera have got approvals.

The (GIDB) and the DMIC Corporation today signed an agreement for four ‘early bird projects’ namely Dholera port, which is being developed by Adani group, international airport project near Dholera, Central Spine Road project (a four-lane road project connecting Ahmedabad and Dholera) and extention of the Metro Rail project upto Dholera.

The state government also approved the masterplan for the Dholera-Ahmedabad SIR, which covers a geographical area of 360 sq kms.

“While the state has formulated Act, the new SIR Act will address development issues such as country-specific investment regions and the SIRs. The DMIC Corporation has already identified six special investment regions along the corridor,” said a senior official.

Among other projects which got the nod include the regional rail system, private parking complexes in major cities, Ahmedabad-Pune Highspeed Passenger Train Corridor amongst others.

The state government blueprint also talks about linking major ports with the DMIC corridor as well as new toll policy, three mini micro power projects in Vanakbori, Madhuvan and Karjan dam.

The GIDB board also approved inland waterway transport system project and solar power systems along the Narmada main canal.

With around 40 per cent of geographical area of the DMIC project falling in Gujarat, the state government is leaving no stones unturned in making the most out of it. Primary estimates suggest the state will get investments to the tune of $40 billion along the corridor.

First Published: Wed, August 13 2008. 00:00 IST