Lays foundation of Integrated Industrial Township project development Shareholders’ Agreement signed for implementation of early bird township project
33,000 crores investment & 58,000 new job avenues expected in industrial township
Chief Minister, Shri Akhilesh Yadav launched the DMIC project in Uttar Pradesh in the august presence of Union Minister of Commerce & Industry, Shri Anand Sharma here today. The Chief Minister and Union Minister also laid the foundation stone of first early bird project, the Integrated Industrial Township at Greater Noida under Delhi-Mumbai Industrial Corridor (DMIC).
On this occasion Shareholders’ Agreement between CEO Greater Noida Industrial Development Authority (GNIDA), Mr. Ramaraman and Delhi Mumbai Industrial Corridor Development Corporation (DMICDC), CEO and MD Mr. Amitabh Kant was also signed for the development of integrated township at Greater Noida. Present on the occasion among others were Chief Secretary, Mr. Jawed Usmani, Infrastructure & Industrial Development Commissioner (IIDC) Mr. Alok Ranjan, Secretary, Ministry of Petroleum & Natural Gas, GoI Mr. Saurabh Chandra, Secretary, Infrastructure & Industrial Development Mr. Dheeraj Sahu and senior government officers.
Addressing the programme, the Chief Minister, Shri Akhilesh Yadav said that the state government had been working on priority basis to expedite the stalled progress of DMIC along with taking initiative for development of an industrial corridor on Eastern Dedicated Freight Corridor. These projects would benefit U.P. immensely. Now, U.P. is in the forefront of taking action for the development of this project. He said that this will provide much needed fillip to the manufacturing sector and creation of new job avenues. He added that the development of industrial corridors would put country and the state in the forefront of manufacturing sector in the world.
Union Minister of Commerce & Industry, Shri Anand Sharma said that with the completion of DMIC in 2017 the abundant agri and industrial produce from U.P. would reach the port in 14 hours instead of present 14 days’ time. Lauding the state government for speeding up the action on DMIC project, the Minister said that according to the World Bank, this was one of the biggest infrastructure development projects in the world. Once completed our target of increasing the share of manufacturing sector in GDP from the current 16 per cent to 25 per cent could be realised, he added.
It may be noted that 12 per cent DMIC influence area, proposed in 150- 200 belt on either side of Western Dedicated Freight Corridor (WDFC), measuring 36,068 sq kms. lies in Uttar Pradesh across 12 districts. Significantly, WDFC and Eastern Dedicated Freight Corridor (EDFC) meet at Dadri in U.P., providing the State exclusive accessibility to both corridors and added benefits.
Two development regions, viz. Dadri-Noida-Ghaziabad Investment region and Meerut-Muzaffarnagar Industrial area have been envisaged in Uttar Pradesh on 1483 kms. long Delhi-Mumbai Industrial Corridor. Three early bird projects, including Integrated Industrial Township at Greater Noida, Multimodal Transport hub at Bodaki and Multi-modal Logistics hub at Dadri are proposed under this project.
The flagship project under DMIC to drive manufacturing activity in the region, the first early bird project, Integrated Industrial Township is to be developed on around 740 acres of land in Greater Noida. GNIDA already has the land in its possession for this purpose. The main feature of the project is that the proposed industry cluster is planned with all supporting amenities — residential, education, commercial, research, offices and administration forming part of the mixed “community” envisaged within the township. State and central governments have already approved the formation of a joint venture company between DMIC Trust and GNIDA with equity contribution of 50 per cent each for development of trunk infrastructure of the integrated industrial township.
Earlier in his welcome address, Infrastructure & Industrial Development Commissioner, Mr. Alok Ranjan said that Noida and Greater Noida region was the largest planned industrial area of Asia, manufacturing sector will get great boost in the region with the development of Integrated Industrial Township. He said that the proposed industrial township will act as a magnet to industrial activity with investment potential of Rs 33,000 crores and estimated direct employment to around 58,000 workers. Significantly, 51 per cent of the project site has been allocated for industrial use only.
Greater Noida being close to the national capital, projects under DMIC will not only provide world-class infrastructure facilities to industries in western U.P. but will also facilitate access to global markets.