The Delhi-Mumbai Industrial Corridor (DMIC) is an infrastructure megaproject valued at 90 billion dollars and backed by Japan both financially and technically. The corridor will span 1,483 km and cross six states, linking Delhi, the country’s political capital, with Mumbai, its business capital.
The project was designed with both the region’s and the country’s urban, business, economic and social development for the next four decades in mind. The DMIC will entail a significant investment in infrastructure and the creation of up to six megacities, planned under the Smart & Intelligent Cities scheme.
The corridor, which will boast nine industrial megazones, a high-speed railway, six airports and three ports, roads, additional railway lines and a 4000 MW power plant, is set to become a model for future projects around the world and position India as a manufacturing hub. The authorities are aware that maintaining the country’s high growth rates will only be possible if the manufacturing industry represents a greater share of GDP.
The region’s social development is high on the agenda of both the Government and the rest of India’s political parties, and 14% of the population – approximately 180 million people – are expected to benefit from job creation and the development of new cities and additional services. Research by the McKinsey Institute shows that by 2030, 70% of India’s GDP will be generated in cities and 40% of the population will live in urban areas, in a country with 68 cities of over one million people.
In addition to the Delhi-Mumbai Industrial Corridor, India has just given the go-ahead for another industrial corridor (Amritsar-Delhi-Kolkata) and has several others in the pipeline.
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PDF – DMIC presentation part 1
PDF – DMIC presentation part 2
