Govt approves 3 projects under DMIC

The government has approved setting up of three projects worth ` 2,558.6 crore under the Delhi-Mumbai Industrial Corridor.
The projects cleared by the cabinet committee on economic affairs include formation of a SPV for implementation and operation of model solar power project at Neemrana as a 100 per cent subsidiary of DMIC Development Corporation and approval for development of trunk infrastructure for integrated industrial township at Greater Noida.
The CCEA has approved the development of trunk infrastructure for the integrated industrial township at Vikram Udyogpuri near Ujjain, MP  in the Pithampur, Dhar Mhow investment region of the DMIC project at an estimated project cost of ` 808.60 crore for Stage 1 of the Project.
The cabinet committee on economic affairs also approved the special loan facility to be provided by Japan International Cooperation Agency (JICA) for development of DMIC project.
“The CCEA has approved the utilisation of Japanese assistance under the JICA through Special Terms for Economic Partnership (STEP) of Japanese official development assistance loans for the DMIC project and the operational rules, terms and conditions of this tied loan facility,” an official statement said.

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