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)

Funding commitment: government may provide additional funds for industrial corridor projects enabling new smart cities and corridors. The budget announces central support and a public funding commitment for accelerated implementation of industrial corridors: seven new cities on the Delhi-Mumbai Industrial Corridor with two smart cities (Dholera and Shendra-Bidkin) to start in 2013-14; DIPP and JICA are preparing a Chennai-Bengaluru Industrial Corridor with Tamil Nadu, Andhra Pradesh and Karnataka; preparatory work has also started on the Bengaluru-Mumbai Industrial Corridor.