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.

The Department of Industrial Policy and Promotion (DIPP) and the Japan International Cooperation Agency (JICA) are currently preparing a comprehensive plan for the Chennai Bengaluru Industrial Corridor. The corridor will be developed in collaboration with the Governments of Tamil Nadu, Andhra Pradesh and Karnataka.

The next corridor will be the Bengaluru Mumbai Industrial Corridor on which preparatory work has stared.

 DSM/UM/R/70

(Release ID :92770)

Government funding commitment enables development of new industrial corridors and smart cities, fostering intergovernmental infrastructure collaboration. The central government confirms development of multiple industrial corridors and smart cities, finalizing plans for seven new cities, commencing construction at two smart industrial city sites, and promising additional funds from the national project share if required; DIPP and an international development agency are preparing a comprehensive Chennai-Bengaluru corridor plan with state governments while preparatory work has begun on a Bengaluru-Mumbai corridor.