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18,500-cr boost to DMIC

18,500-cr boost to DMIC

The Union Cabinet has cle­ared 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 se­ven new cities in six states incl­uding Gujarat, Haryana, Uttar Pradesh and Madhya Pradesh.

At present, the governm­ent holds 49 per cent in the DMIC project, while 51 per cent is jointly held by Infrastructure Leasing and Financial Services (IL&FS) and Infrastr­ucture 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.

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