Pact signed for DMIC, project inaugurated
Mar 09, 2014
Source : The Times of India


LUCKNOW: If everything falls in place, 58,000 jobs would be created through the Integrated Industrial Township project of Greater Noida being developed as part of the Delhi-Mumbai Industrial Corridor (DMIC).

The project made progress with the signing of shareholders' agreement between Greater Noida Industrial Development Authority (GNIDA) and Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) here on Sunday. Chief minister  laid the foundation of the project in the presence of union minister for commerce and industry Anand Sharma.

Speaking on the occasion, the CM claimed his government had gone the extra mile to take the project further. "My government has worked on priority to expedite the stalled progress of DMIC along with taking initiative for development of an industrial corridor on Eastern Dedicated Freight Corridor also which will benefit UP immensely. UP is at the forefront of taking action for development of this project," he said, adding that the effort will provide much needed fillip to the manufacturing sector and creation of new job avenues.

The Union minister said with the completion of DMIC in 2017 the abundant agriculture and industrial produce from UP will reach the port in 14 hours instead of 14 days. He informed that as per the World Bank, this was one of the biggest infrastructure development projects in the world. "Once complete, our target of increasing the share of manufacturing sector in GDP from the current 16% to 25% could be realised", he added.

Infrastructure and Industrial Development Commissioner, Alok Ranjan said Noida and Greater Noida regions were the largest planned industrial areas of Asia and manufacturing sector will get boost in the region with the development of the integrated industrial township. He said the proposed industrial township will act as a magnet to industrial activity with investment potential of Rs 33,000 crore and estimated direct employment to around 58,000 workers.

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