Infrastructure majors of South Korea are keen to participate in the $90 billion Delhi-Mumbai Industrial Corridor (DMIC), being built with the financial and technical help of the Japanese government. The 1,483 km DMIC proposes to connect New Delhi with Mumbai with a high speed dedicated railway freight corridor. About 10 per cent of the corridor passes through Maharashtra.
A delegation of Korean companies led by Young June Park, Koreaâ€™s Deputy Minister for Trade and Energy discussed opportunities for Korean companies in constructing the upcoming Dighi port and other large infrastructure projects in and around Mumbai.
The dedicated freight corridor envisages a high-speed connectivity for high-axle load wagons supported by power locomotives. A band of 150 km influence region has been chosen on both sides of the freight corridor. The idea is to create strong economic base in this band which will give a fillip to local commerce.