Delhi-Mumbai Industrial Corridor to pass through Madhya Pradesh: Kamal Nath

The Delhi Mumbai Industrial Corridor (DMIC) will pass through Madhya Pradesh as well, Shri Kamal Nath, Minister of Commerce and Industry, announced at a joint press conference with the visiting Japanese Minister of Economy, Trade and Industry, here this afternoon. The massive project, with an investment requirement of US $ 90 billion spread over seven years is expected to transform the industrial landscape of over half a dozen states through which it will pass, including Madhya Pradesh, Shri Kamal Nath said.

The project will see major expansion of infrastructure and industry - including industrial clusters and rail, road, port, air connectivity - in the states along the route of the Corridor.

Conceived to be developed as a Global Manufacturing and Trading Hub, the project is expected to double employment potential, triple industrial output and quadruple exports from the region in 5 years. The total employment to be generated from the project - to be launched in January 2008 - is 3 million, the bulk of which will be in the manufacturing/processing sectors.

The first phase of the project is scheduled to be completed by 2012, the Minister said.

Source : Press Information Bureau

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