The Indian government will be 50% shareholder in the proposed multi-modal logistics and transport hubs, under the Delhi-Mumbai Industrial Corridor (DMIC) project in Greater Noida. Once finalised, the Central government will also provide 50% funding for the DMIC project.
“167 hectares of land will be acquired to build the multi-modal transport hub, while the multi-modal logistics hub will be constructed across 294 hectares”, GNIDA CEO Deepak Agarwal said.
Multi-modal logistic hub to be located at Dadri will provide facilities for small, medium, and large enterprises which will be benefited from the proximity to the logistics hub in the region, while the multi-modal transport hub is planned at Bodaki, Greater Noida.
Shapoorji Pallonji, a Mumbai-based developer has awarded the project of integrated Industrial Township in Greater Noida on January 9, 2016 and has been directed to complete the project within two years. The foundation stone of Integrated Industrial Township at Greater Noida under the DMIC project was laid by UP Chief Minister Mr. Akhilesh Yadav.
The Authority has acquired 70% of land for the projects and expects to complete the rest purchase very soon. 51% of land has been allocated for industrial use only, 17% for residential use, 7% of land reserved for commercial use, and the remaining left will include green zone.
Besides generating employment for thousands of workers in the region, the development of the township under the DMIC is expected to attract private sector investment of over INR 33,000 crore over a period of 30 years and has an advantage of improved connectivity by road, rail, and air to rest of the country. The largest planned industrial township will not only fulfil the employment needs in the region but also provide residential space near the workplace, officials said.
The proposed high-speed MRTS (Mass Rapid Transport System) of 52.9 km line between Bodaki, Greater Noida, and IGI Airport will drastically reduce the travel time.
The Delhi-Mumbai Industrial Corridor project at Greater Noida, Uttar Pradesh is expected to generate a series of countless economic benefits with a globally competitive environment in the region. The proposed investment region would not only deliver the world class infrastructure facilities to the industries in the region but will also allow accessing the global market in the western UP.