FY15: DIPP Proposes 11-Fold Increase in DMIC Funding

The Department of Industrial Policy & Promotion (DIPP) has urged the Finance Ministry to raise the FY15 budget for the Delhi–Mumbai Industrial Corridor (DMIC) from the interim allocation of ₹693 crore to ₹7,478 crore—an eleven-fold increase aimed at funding trunk infrastructure across the corridor’s initial phase.

As the nodal authority for the India–Japan DMIC initiative, DIPP seeks to channel these enhanced funds into five smart industrial cities—including Ahmedabad‑Dholera, Shendra‑Bidkin, Gurgaon’s Global City, Greater Noida, and Vikram Udyogpuri (Ujjain)—as well as six ancillary infrastructure projects under public–private partnership.

Under the proposal, ₹3,000 crore each would be allocated to the Shendra‑Bidkin Industrial Park and the activation zone in Ahmedabad‑Dholera SIR. Other earmarked allocations include ₹750 crore for Gurgaon’s Global City, ₹617 crore for the Greater Noida township, and ₹59.5 crore for the Vikram Udyogpuri development.

DIPP estimates that this ₹7,478 crore investment, when combined with ₹621 crore already in the DMIC Trust, will unlock a total of ₹8,099 crore for critical trunk infrastructure, setting the stage for much larger private and foreign investments.

Additionally, six other DMIC-linked projects—such as the Rewari logistics hub, Neemrana solar plant, Pithampur water network, and a desalination plant in Dahej—stand to benefit from this upfront budget surge.

The corridor, spanning six states along the Western Dedicated Freight Corridor, is poised to draw around $90 billion in investments, aiming to boost manufacturing, job creation, and training for an estimated 180 million people.

Source: https://www.financialexpress.com/archive/dipp-pushes-for-11-fold-hike-in-fy15-budget-for-dmic/1259888/