News

28 July 2016

Business Standard

Centre clears Rs 6,880-cr infra plan for industrial area in Maharashtra

Infra development plan for the Shendra-Bidkin industrial area, close to Aurangabad, part of the proposed Delhi Mumbai Industrial Corridor

The Maharashtra government has got a boost with the Centre clearing the Rs 6,880-crore trunk infrastructure development plan for the Shendra-Bidkin industrial area, close to Aurangabad, part of the proposed Delhi Mumbai Industrial Corridor (DMIC).

The approval, on Tuesday, was necessary as the DMIC Trust will provide Rs 3,000 crore for the proposed infrastructure development. The industrial area is being developed by a special purpose vehicle, Aurangabad Industrial Township Ltd.

It comprises state-run Maharashtra Industrial Development Corporation (51 per cent) and the DMIC Development Corporation (49 per cent).

A state official told this newspaper, ' Of the Rs 6,880 crore, Rs 3,000 crore will come from DMIC Trust and the balance will be raised by the Aurangabad Industrial Township Ltd, by selling land parcels.'' He said 8,000 acres had already been acquired for the proposed industrial area.

According to the official, some of the key trunk infrastructure includes roads (Rs 773 crore), electrical ducts and towers (Rs 933 crore), power (Rs 736 crore), water treatment plants (Rs 548 crore), area landscaping (Rs 538 crore) and storm water drainage (Rs 493 crore).

The first phase of 2,700 acres is expected to be complete by September 2019. Tenders for the second phase will be floated in mid-2018 and will be developed by 2021. For the third phase, the tenders will be issued in 2019, so that the entire industrial area will be developed by 2022. It will have automobile, electronics and textile industries.