Seated in his Delhi office Amitabh Kant says with a tinge of sarcasm: "I am not here to build a mall." The chief executive of the $100-billion Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC), India's biggest-ever infrastructure project, is piqued about "some people" saying that the project is "not on the fast track".
Several government officials ET Magazinespoke to say DMICDC — which in its first phase will set up six cities each of 40-50 sq km and one of 153 sq km — has to be "expedited" so that it spurs manufacturing growth in the country and helps the country ride out the bad times. Once completed, the mega project is expected to generate 2.15 lakh direct jobs and 6.18 lakh indirect jobs in the country.
The deadline for the first phase is 2019. While Kant finds such statements laughable empty talk, Vinayak Chatterjee, founder and chairman of Feedback Infra, which advises infrastructure companies, makes a point: "Well, it [DMICDC] can't go as fast as his political bosses expect it to because it is a complex project and it is a conceptually sound one. It has to proceed at an appropriate pace."
In its first phase, DMICDC, which falls under the industry ministry and envisages creating 24 new cities in the country by 2040, will build cities around the high-speed 1,483-km-long dedicated freight corridor (DFC), a fast-progressing railway network funded by the Japanese government. DFC doesn't face issues with buying land because it will mostly use the land owned by Indian Railways.
The genesis of the idea called DMICDC lies in the need to develop industries around DFC and that makes a lot of sense, points out Chatterjee. On Tuesday, nine projects of the first phase were approved by the DMIC Trust, a body that gives the go-ahead for individual DMICDC projects once it secures all other regulatory nods. It is headed by the Department of Economic Affairs secretary Arvind Mayaram.
"People who criticise the so-called slowness of the work in progress don't understand how intricate and highly complex this is. In fact, I don't want to do what Kalmadi did," thunders Kant, referring to the sloppy construction work undertaken for the 2010 Commonwealth Games. Suresh Kalmadi, a former Congress leader and Union minister, was later arrested for causing major losses during the event.
Read more:- http://economictimes.indiatimes.com/news/economy/infrastructure/blueprint-to-build-24-cities-will-indias-biggest-infra-project-dmicdc-worth-100-bn-deliver/articleshow/22587266.cms
Several government officials ET Magazinespoke to say DMICDC — which in its first phase will set up six cities each of 40-50 sq km and one of 153 sq km — has to be "expedited" so that it spurs manufacturing growth in the country and helps the country ride out the bad times. Once completed, the mega project is expected to generate 2.15 lakh direct jobs and 6.18 lakh indirect jobs in the country.
The deadline for the first phase is 2019. While Kant finds such statements laughable empty talk, Vinayak Chatterjee, founder and chairman of Feedback Infra, which advises infrastructure companies, makes a point: "Well, it [DMICDC] can't go as fast as his political bosses expect it to because it is a complex project and it is a conceptually sound one. It has to proceed at an appropriate pace."
In its first phase, DMICDC, which falls under the industry ministry and envisages creating 24 new cities in the country by 2040, will build cities around the high-speed 1,483-km-long dedicated freight corridor (DFC), a fast-progressing railway network funded by the Japanese government. DFC doesn't face issues with buying land because it will mostly use the land owned by Indian Railways.
The genesis of the idea called DMICDC lies in the need to develop industries around DFC and that makes a lot of sense, points out Chatterjee. On Tuesday, nine projects of the first phase were approved by the DMIC Trust, a body that gives the go-ahead for individual DMICDC projects once it secures all other regulatory nods. It is headed by the Department of Economic Affairs secretary Arvind Mayaram.
"People who criticise the so-called slowness of the work in progress don't understand how intricate and highly complex this is. In fact, I don't want to do what Kalmadi did," thunders Kant, referring to the sloppy construction work undertaken for the 2010 Commonwealth Games. Suresh Kalmadi, a former Congress leader and Union minister, was later arrested for causing major losses during the event.
Read more:- http://economictimes.indiatimes.com/news/economy/infrastructure/blueprint-to-build-24-cities-will-indias-biggest-infra-project-dmicdc-worth-100-bn-deliver/articleshow/22587266.cms
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