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Delhi Mumbai Industrial Corridor to help Japanese investors


The Delhi Mumbai Industrial Corridor (DMIC) offers huge opportunities to Japanese investors as the project is at an implementation stage, a top government official today said. Secretary of the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek also said FDI reforms are expected to result in dramatic improvements in ease of doing business over the next one year.

Work has already started in areas, including Dholera, Aurangabad, Vikram-Udyogpuri and Greater Noida nodes, where land allotment is expected to begin in a couple of months, DMIC Development Corporation (DMICDC) said quoting the secretary.

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Abhishek was addressing a delegation of Japanese businessmen and representatives of government institutions at a special workshop organised by DMICDC. Japan has been one of India's leading partners in infrastructure development, supporting projects such as the Delhi Metro, the Dedicated Freight Corridor which forms the backbone of DMIC, and the proposed Mumbai-Ahmedabad Hi-Speed Rail Link.

Speaking at the event, Ambassador of Japan Kenji Hiramatsu hoped for time-bound implementation of the projects. He is optimistic that the Indian government will extend incentives to Japanese businesses relocating to the industrial zones. DMICDC CEO and MD Alkesh Sharma saw opportunities for Japanese companies in not just setting up industries, but consultancy and engineering procurement construction, among others.

Source: PTI
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