Delhi-Mumbai Industrial Corridor Advances: Development Begins in Key Indian Regions, Financial Framework Under Review.

The Delhi Mumbai Industrial Corridor (DMIC) project has completed its Perspective Plan, initiating development in several investment regions across India, including areas in Madhya Pradesh, Gujarat, Uttar Pradesh, Haryana, Rajasthan, and Maharashtra. A draft note outlining the financial and institutional framework for these industrial cities is under inter-ministerial review. The project's cost will vary based on land and infrastructure expenses, with progress contingent on land availability and necessary approvals. The DMIC aims to establish a competitive economic environment, boost local commerce, attract foreign investment, create jobs, and enhance exports. This update was provided by a government official in a parliamentary session.