‘Delhi-Mumbai corridor to set ball rolling for industrialisation in north India’

Connecting industrial corridors and engaging Indian diaspora keys for attracting investment in northern states, industry representatives told at CII meet

pujab

Puja Bhattacharjee | July 24, 2014



Interlinking of Delhi Mumbai industrial corridor (DMIC) with the Amritsar-Kolkata Corridor at Dadri is going to bring a revolutionary change in the world of logistics and northern India stands to benefit the most from it, according to the government.

“DMIC would be a game changer for northern India,” said Amitabh Kant, secretary, department of industrial policy and promotion (DIPP), ministry of commerce and industry. 

“Northern India has youngest population in the world with great enterprising spirit that could lead to transformation of the region with emphasis on labour-intensive manufacturing, planned urbanisation and quality infrastructure”, he said.

Kant, who is the former CEO and managing director of Delhi Mumbai industrial corridor development corporation (DMICDC), was speaking at an event organised by the confederation of Indian industry (CII) to showcase and promote investment opportunities in the northern states.

He said that after allowing 49 percent FDI through automatic route and de-licensing manufacturing of about 60 percent of defence items, there are emerging opportunities in the defence sector. “North India has the potential to emerge as a hub for value added manufacturing in defence sector and the government is taking lot of initiatives towards ease of doing business,” he said.

He assured that DIPP would work in close association with the state governments to spur investments and growth.

Prem Narain, secretary, ministry of overseas Indian affairs, emphasised on the role of states in creating enabling policies and models to attract investments and growth.

He stressed the need for structured engagement with the Indian diaspora for engaging them with Indian growth story.

“State governments in the northern region should associate with overseas Indian facilitation centre to showcase investment projects and opportunities to overseas Indians through state specific investor meets,” he said. He added that the ministry will soon open pravasi bharatiya kendra in New Delhi.

Comments

 

Other News

India lost Rs 52,000 crore to cyber fraud in five years: DoT

India has lost more than Rs 52,000 crore to cyber fraud over the last five years, officials have revealed. Out of approximately 60 lakh cyber fraud complaints received, more  than 3,000 cases have been resolved and six cyber fraud setups have been busted.   On the occ

India must not wait for its own Ella

In many Indian cities, children learn to wear masks before they are old enough to understand why. That reality should alarm us far more than it does.   In 2020, nine-year-old Ella Adoo Kissi Debrah became the first person in the world to have air pollution officially recognized a

An ode to the cradle of humankind

The Alphabets of Africa: Poems By Abhay K. Vintage Classics, 280 pages, ₹499.00   Abhay K

Ahmedabad district railway network to be expanded

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday approved the Ahmedabad (Sarkhej) – Dholera Semi High-Speed Double Line project of Ministry of Railways with total cost of Rs. 20,667 crore (approx.). It will be Indian Railways 1st semi high-speed project

Indian Ocean more contested than ever: Western Naval Command Chief

The Indian Ocean is becoming increasingly contested and strategically significant as the Indo-Pacific emerges as the defining geopolitical theatre of the 21st century, Vice Admiral Krishna Swaminathan, Flag Officer Commanding-in-Chief of the Western Naval Command, has said.   Spe

Why the judiciary needs much more than four more judges

India has a particular form of governance theatre: the bold declaration that appears to be action but is actually a way of avoiding action. The Union Cabinet on May 5 approved a Bill to increase the sanctioned strength of the Supreme Court from 34 to 38. The decision has been touted as a step toward judici


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter