Rajasthan approve Rs.400 cr for DMIC corridor

In a recent development the state government in Rajasthan has sanctioned Rs.400 crore for land acquisition under the Delhi-Mumbai Industrial Corridor (DMIC) project, the CM made this announcement recently. The process of acquisition of about 500 hectares land in five villages in Alwar district will get underway once the notification is issued. The state had initiated the land acquisition process five years ago, but was stuck since then due to lack of funds as the state had initially earmarked 1,425 hectare land in 10 villages in Bhiwadi and Nimrana region in Alwar district to be acquired at an average per hectare cost of Rs.1.91 crore or Rs.30 lakh per bigha amounting to a total cost of Rs.2,732 crore. The Rs.6,42,550 crore ($100 billion) project is being built along the high-speed DFC that would reduce the time for goods movement between Dadri near Delhi to Jawaharlal Nehru Port in Mumbai from current 14 days to about 14 hours. A relook at the progress in other states reveals that states like Gujarat, Maharashtra, Madhya Pradesh, Haryana, and Uttar Pradesh have already formed the special purpose vehicle (SPV) and made significant progress in implementing the project, however Rajasthan is lagging way behind in this connection.