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Smart City 'Auric City' emerging manufacturing center in India


AURIC CITY is emerging as one of the smart cities in India. It is located at the prestigious ‘Delhi-Mumbai Industrial Corridor Project (DMIC)’ and is scheduled to have a presentation in order to attract foreign direct investment somewhere in the next month. In accordance with the Maharashtra Industrial Development Corporation (hereinafter MIDC), Maharashtra state accounts for 30% of India’s accumulated investment inflow and 15% of the national industrial production.
As per the KOTRA Mumbai trade center, AURIC CITY, being the target market to attract foreign investment, is being promoted as having a smart city development plan on about 10,000 acres, and is the key phase of the prestigious “DMIC”. Being located at just 10 minutes from the Aurangabad airport, AURIC CITY is well connected with metro cities like Mumbai and New Delhi by direct flights. AURIC CITY is expected to make Aurangabad as a major manufacturing hub. It is expected to create about 1,50,000 new jobs and thus attract skilled labour. About 3,00,000 people are expected to reside in a top class infrastructure.
AURIC CITY will be the first smart city to use the recycled sewage water and will have robust infrastructure and high quality - cost effective stable power supply. An environment friendly city is being planned with the help of modern information and communication technologies (hereinafter ICT). MIDC is planning to have face to face talks with major Korean corporations on seminars and expansion plans to attract more foreign investments during their visit to Seoul and Busan cities in next month.
KOTRA Mumbai trade center has informed that “DMIC Project and the surrounding area of about 1,500 km will have seven smart cities in the future with about 100 billion US dollar’s of total investment” and “Relevant construction and equipment industry, ICT and water treatment industry is expected to grow”. Also “Korean corporations that are interested to enter into the Indian market are expected to hold separate discussions with MIDC CEO on the difficulties and recommendations related with land procurement during their future visits to India.

Translated by Ashish Awalgaonkar ( Korean language Expert)
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