DMICDCDelhi Mumbai Industrial Corridor Development Corporation (India)
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The Delhi-Mumbai Industrial Corridor Project (DMICDC) is a planned industrial development project between India's capital, Delhi and its financial hub, Mumbai.
Going forward, DPH will play a major role in compiling complex data from a variety of sources and generating essential market intelligence," said Piyush Sinha, CEO of DMICDC Logistics Data Services.
DMICDC had sought the Rs 7,500 crore funding when the interim Budget was presented but the finance ministry turned down the plea, arguing that it can't be raising funds from the market when the projects are not ready.
DMICDC is India's most ambitious Infrastructure programme aimed at developing new industrial cities on the back of a 1,483- km long dedicated rail freight corridor between the two metros.
IBM, as a business-consulting partner, is working with DMICDC to support one of the biggest industrial development projects of the government of India by helping build smarter and sustainable cities.
The initial cost estimates could change as the DMICDC gives final touches to the projects.
Kant also informed that "DMICDC is creating seven new cities across the DFC routes which would help the region evolve as a true manufacturing and services hub as also improve employment opportunities in the region".
Sharma, CEO of the Gujarat Infrastructure Development Board (GIDB); Amitabh Kant, CEO and Managing Director of DMICDC, and Yoshiaki Tsukuda, Executive Vice President and General Manager of MHI's Power Systems Headquarters.
Both leaders also welcomed the 26 percent equity participation of the Japan Bank for International Cooperation (JBIC) in the DMIC Development Corporation (DMICDC), and the dispatch of an expert from JICA and board members from JBIC to DMICDC.
The CEO of Japan Bank of International Cooperation (JBIC), Hiroshi Watanabe also met Sharma assuring him of full financial support for the DMICDC project and other infrastructure projects in India.