Delhi-Mumbai Industrial Corridor — Kia Motors Among Major Investors

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The Delhi-Mumbai Industrial Corridor, a $100 billion project. India's most ambitious project will commence land allotment from next month. And some big global investors such as, Ikea, Kia Motors and China Railway Construction Corp are eying to occupy plots in this project.

The allocation of plots will see a significant growth in a project which was approved by cabinet in 2011. The land will be developed to global standards with world-class infrastructure, there are four new industrial cities being developed under this project.

The project will be implemented in three phases, with the first phase is expected to finish by 2025 and the second one by 2032. The corporation is in the process of finalising its land policy after which the land allotment will commence.

Kia Motors has already enquired about the land to grab a big chunk of the plot in this project. But there is still no official word on this development. The government will also offer concessions to major investors in terms of price or tax.

The four industrial cities under this project are - Dholera Special Investment Region (Gujarat), Shendra Bidkin Industrial Park and Dighi Port Industrial Area (Maharashtra), Integrated Industrial Township (Greater Noida, Uttar Pradesh) and Vikram Udyogpuri (Ujjain, Madhya Pradesh).

 

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Story first published: Monday, September 26, 2016, 10:48 [IST]
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