The Union Cabinet has cleÂared the proposal for infusion of Rs 18,500 crore in the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC). The 1,483-km project running through seven states will come up along the proposed Delhi-Mumbai dedicated rail freight corridor. The fund infusion is for creating seÂven new cities in six states inclÂuding Gujarat, Haryana, Uttar Pradesh and Madhya Pradesh.
At present, the governmÂent holds 49 per cent in the DMIC project, while 51 per cent is jointly held by Infrastructure Leasing and Financial Services (IL&FS) and InfrastrÂucture Development Finance Company (IDFC).
The important investment regions include Dadri-Noida-Ghaziabad in Uttar Pradesh; Manesar-Bawal in Haryana, Khushkhera-Bhiwadi-Neemra in Rajasthan, Pitampura-Dhar-Mhow in Madhya Pradesh, Ahmedabad-Dholera in Gujarat, and Igatpuri-Nashik-Sinnar and Dighi Port Industrial Area in Maharashtra.