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Construction : Exclusive Report | March 2014 | Source : Construction Update

Anand Sharma and UP CM flags off DMIC Project in Uttar Pradesh

The Union Minister of Commerce and Industry, Anand Sharma and Chief Minister of Uttar Pradesh, Akhilesh Yadav launched Delhi Mumbai Corridor in Uttar Pradesh, in Lucknow on 2nd March, 2014. “Uttar Pradesh will be the main beneficiary of the Industrial Corridor strategy being pursued by Government of India as it is the meeting point of the Eastern and the Western Corridors. The entire agriculture produce of UP can be linked to cold chains and put on Western Corridor at Dadri. This will enable all agricultural products to reach the ports in record time. The overall impact of the Western and Eastern Corridors and the new Industrial Cities being developed in the Delhi-Mumbai Industrial Corridor project have the potential to create over 30 lakh jobs in UP and enhance the State’s Industrial Output by Rs. 24 lakh crore” said Anand Sharma on the occasion. The growth of manufacturing sector is an essential condition for sustaining GDP growth rate to 8-9 per cent on a long term basis. Government of India proposes to enhance the share of manufacturing sector in GDP growth from 16 per cent to 25 per cent within a decade and aims to create 100 million jobs. In this regard, Government of India has announced the pioneering National Manufacturing Policy 2013. The conceptualization of the DMIC project as an iconic symbol of Indo-Japan strategic partnership was made. It has rapidly moved forward and seven new industrial cities have advanced towards implementation. The Government has also announced three more Industrial Corridor Projects namely: (a) Amritsar-Kolkata Industrial Corridor Project with Eastern Dedicated Freight Corridor as the back bone; (b) Chennai-Bangalore Industrial Corridor Project; (c) Bangalore-Mumbai Economic Corridor Project. The Industrial Corridors will lead to the development of futuristic industrial cities with transport connectivity effective and efficient technologies, reliable energy supply and efficient logistics. This will enable India to compete with the best in the manufacturing and investment estimation of the world and have the potential of radically transforming India into global manufacturing hub within a decade.
 
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