Seven New Cities Planned on Delhi Mumbai Industrial Corridor(DMIC)

The Finance Minister, Shri P Chidambaram in his Budget speech in Lok Sabha today said that the Delhi Mumbai Industrial Corridor (DMIC) project has made rapid progress. Plans for seven new cities have been finalized and work on two new smart industrial cities at Dholera, Gujarat and Shendra Bidkin, Maharashtra will start during 2013-14. We acknowledge the support of the Government of Japan. In order to dispel any doubt about funding, The Government will provide, if required, additional funds during 2013-14 within the share of the Government of India in the overall outlay for the project.

Source : Equity Bulls

Keywords