What is Delhi Mumbai Industrial Corridor (DMIC)?

Delhi Mumbai Industrial Corridor is the first Industrial corridor in India. The Western Dedicated Freight Corridor (WDFC) between the two megacities of Delhi and Mumbai was the inspiration for the first industrial corridor, the Delhi Mumbai Industrial Corridor (DMIC), which runs through the 6 states of India, Uttar Pradesh, Delhi NCR, Haryana, Rajasthan, Gujarat, and Maharashtra. It is suggested that the DMIC be built on each side of the 1483-kilometer alignment. The DMIC is proposed to be developed on either side along the alignment of the 1483 km long Western Dedicated Rail Freight Corridor between Dadri (UP) and Jawaharlal Nehru Port Trust (JNPT), Navi Mumbai.

VISION, GOAL, AND OBJECTIVES OF DMIC CORRIDOR

The vision for India is to build a robust economic foundation that can endure in a fiercely competitive world while fostering domestic trade and foreign investment. The region’s economic development is the main focus of the goals. To boost industrial output and exports while simultaneously improving employment prospects.

Creating and enhancing the industrial infrastructure is another goal. The government intends to build new industrial estates, clusters, and export hubs in the area to accomplish the aforementioned goals. This will boost exports in addition to creating more job opportunities. For a general improvement in industrial yield and exports, the development of the packaging, agro-processing, and cold-storage industries is particularly crucial.

The development of an effective logistics chain including logistic hubs and zones for multimodal transshipment In order to ensure continuous power supply, the government also proposed the development of captive power generation plants with power transmission infrastructure. Infrastructure for residential, commercial, institutional, and recreational purposes is also required to provide a favorable investment environment. These will guarantee that self-sustainable development remains the main objective.

Concept of DMIC Corridor

The DMIC(Delhi Mumbai Industrial Corridor) is made up of numerous industrial estates that have been well-developed, moderately developed, and/or underdeveloped, with or without the necessary social and physical infrastructure. Infrastructure for transportation, logistics, industry, and social services to support exports of the output is a critical component absent from these industrial estates. The DMIC suggests high-impact nodes to provide effective investment-friendly policies under which investment regions and industrial zones would be built in order to overcome this lack of infrastructure. These industrial and investment zones will be constructed with top-notch transportation and social infrastructure, as well as self-sustaining infrastructure. Logistics hubs, airports, and ports will all have good road and rail connectivity for the movement of freight.

Nodes and Projects Under DMIC Corridor

DMIC corridor(Delhi Mumbai Industrial Corridor) is passing through 6 Indian states so various infrastructure and industrial area projects are proposed on this belt. These projects, various projects are in an advanced stage of completion and a few are in under construction process.

• Dholera Special Investment Region (DSIR), Gujarat(22.5 sq. kms/ 5560 acres)
• ShendraBidkin Industrial Area (SBIA), near Aurangabad, Maharashtra (18.55 sq. kms/ 4584 acres)
• Integrated Industrial Township – Greater Noida (IITGN), Uttar Pradesh (747.5 acres)
• Integrated Industrial Township – Vikram Udyogpuri (IITVU), Madhya Pradesh (1,100 acres)
• Integrated Multi-Modal Logistics Hub, Nangal Chaudhary, Haryana (886 acres)
• Multi-Modal Logistics Hub (MMLH) and Multi-Modal Transport Hub (MMTH), Uttar Pradesh (1,208 acres)
• Dighi Port Industrial Area, Maharashtra (5,935 acres)
• Multi-Modal Logistics Park, Sanand, Gujarat (500 acres)
• Jodhpur Pali Marwar Industrial Area (JPMIA), Rajasthan (6,570 acres)
• KhushkheraBhiwadi Neemrana Industrial Area, Rajasthan (1,625 acres)
• Mandal -Becharaji Special Investment Region (MBSIR), Gujarat (2,849 acres)

Impact of DMIC Corridor on Real Estate :

The six cities with populations of “plus” one million that are inside the DMIC’s influence region will have the greatest real estate development effects as a result of DMIC. Investment areas are chosen so that they can profit from the nearby large cities. This not only benefits the specific investment zone but also boosts the commercial potential of the nearby cities. The need for physical and social infrastructure facilities, including residential and commercial real estate development, will increase as a result of this potential. Non-metropolitan cities like Ahmedabad, Jaipur, Faridabad, Meerut, Surat, Vadodara, and Nashik, which are located in this influence zone, would see a significant increase in real estate investment due to the availability of lands and lower pricing. Because industrial areas and investment regions are situated along rail and road networks, cities with good connectivity through these systems will be the top choices for real estate investment in the future. Existing transportation infrastructure also has a significant impact on this.