Entailing an investment of Rs 1.2 lakh crore, the Delhi-Mumbai Industrial Corridor Trust has approved nine projects. Industrial townships and logistic hubs are included in the projects. The Union government, state governments and private firms would fund the projects.
The decision was taken at a meeting chaired by Arvind Mayaram, Secretary of the Department of Economic Affairs. These projects will drive the growth of manufacturing and bring in cutting-edge technology from Japan.
The projects will generate 215,000 direct jobs and 618,000 indirect jobs to the Indian economy. One of the industrial townships, Vikram Udyogpuri, will be developed near Ujjain in Madhya Pradesh. It will have sustainable economic base primarily driven by industries (manufacturing) integrated with institutional (public and semi-public use) and supported by residential land use and commercial activities.