With an aim to give an industrial fillip Chief Minister Akhilesh Yadav launched the DMIC project in Uttar Pradesh saying once this project is over it would give employment to over 58,000 people by 2017.
"This Delhi-Mumbai Industrial Corridor (DMIC) is the best thing that has happened to Uttar Pradesh. The intersection of two corridors at Dadri will not only open new avenues for industries but also give employment to over 58,000 youth," Yadav said after laying foundation of first early bird project, the Integrated Industrial Township at Greater Noida under Delhi-Mumbai Industrial Corridor (DMIC) along with Union Minister of Commerce and Industry Anand Sharma.
On this occasion Shareholders' Agreement between Greater Noida Industrial Development Authority (GNIDA) and Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) was also signed.
Addressing the officials Yadav said that his government had worked on priority to expedite the stalled DMIC progress. UP will stand benefitted by development of an industrial corridor on Eastern Dedicated Freight Corridor. "This project was delayed because of lack of interest shown by the previous Mayawati Government. Had that government shown interest in this project then, the face of UP would have changed by now," he said.
He said that this will provide much needed fillip to the manufacturing sector and creation of new job avenues. "I am sure the development of industrial corridors will put India and the state in the forefront of manufacturing sector in the world", he said.
Union Minister of Commerce and Industry Anand Sharma said that with the completion of DMIC in 2017 the abundant agri and industrial produce from U.P. will reach the port in 14 hours instead of present 14 days.
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.
"The industrial hub on DIMC in UP would have an investment of over Rs 3000 crore and create job opportunity for over 50,000 people. "We have already taken 300 hectares of land in Noida and its adjoining places for an industrial township under DIMC," he said, adding that the country's industrial growth rate should touch 25 per cent from the present 16 per cent after the completion of three Industrial corridors in the country.
An investment of Rs 40,000 crore is expected in the three industrial corridors of the country of 1500 km and passing through six states. The industrial corridor will help the country to set up a manufacturing hub, Sharma said.
It may be noted that 12 per cent DMIC influence area, proposed in 150-200 belt on either side of of Western Dedicated Freight Corridor (WDFC), measuring 36,068 sq Km lies in Uttar Pradesh across 12 districts. The WDFC and Eastern Dedicated Freight Corridor (EDFC) meet at Dadri providing the State exclusive accessibility to both corridors and added benefits.
Two development regions - Dadri-Noida-Ghaziabad Investment region and Meerut-Muzaffarnagar Industrial area have been envisaged in Uttar Pradesh on 1483 Km Delhi-Mumbai Industrial Corridor. Three early bird projects, including Integrated Industrial Township at Greater Noida, Multi-modal Transport hub at Bodaki and Multi-modal logistics hub at Dadri are proposed under this project.
In his welcome address, Infrastructure and Industrial Development Commissioner, Alok Ranjan said that Noida and Greater Noida region was the largest planned industrial area of Asia, and 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.