What is a transportation corridor in India?

Answer 1

The Delhi-Mumbai Industrial Corridor Project is a State-Sponsored Industrial Development Project of the Government of India. It is a $100 billion ambitious project aimed at developing Industrial zones spanning across six states in India which would spur economic development in the region and develop industries. It would be the biggest infrastructure project India has ever attempted in its history. The project will see major expansion of Infrastructure and Industry - including smart cities, industrial clusters along with rail, road, port, air connectivity - in the states along the route of the Corridor. Many smart cities would be developed alongside, such as the Dholera SIR in Gujarat, which is envisaged to be 6 times the size of Shanghai and 2 times the size of Delhi. The backbone of the project would be the Dedicated Freight Corridor that would cut the logistical costs of manufactured goods to make it the lowest in the world. India needs to employ over 100 million people within the next decade and so this project is of vital importance to develop manufacturing centres that could employ millions. The ambitious Delhi Mumbai Industrial Corridor (DMIC) has received major boost with India and Japan inking an agreement to set up a project development fund. The initial size of the Fund will be INR10 billion (US$162.0 million). Both the Japanese and Indian governments contribute equally.