The Delhi Mumbai Industrial Corridor (DMIC), which has opened up huge business opportunities to Japanese investors as the project is currently at an implementation stage, Secretary of the Department of Industrial Policy and Promotion (DIPP), Ramesh Abhishek said, adding that FDI reforms including the recent passage of Goods and Services Tax (GST) Bill, expected to result in dramatic improvements in ease of doing business over the next one year. As a matter of fact, work has already been started to allot site in areas, including Dholera, Aurangabad, Vikram-Udyogpuri, and Greater Noida industrial nodes, where land allotment is expected to begin shortly, he said this while addressing a delegation of Japanese businessmen and representatives of government institutions at a special workshop organised by Delhi Mumbai Industrial Corridor Development Corporation (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. The Indian government will extend incentives to Japanese businesses relocating to the industrial zones, not just setting up industries, but consultancy and Engineering Procurement Construction (EPC), among others. The DMICDC is working on standalone projects such as green field airports in Dholera (Gujarat), the futuristic Global City in Gurgaon (Haryana), Logistics Hubs in Dadri (UP) and a state-of-the-art convention centre in Dwarka, he added.
📅Published on:
06 August 2016
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