News

06 May 2016

Money Control

Trunk infra in Guj, Maha, MP to be ready by 2018:DMICDC

The corporation is currently looking for early investors to set up factories in these areas, says MD and CEO Alkesh Sharma.

The Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) has started creating trunk infrastructure in Gujarat, Maharashtra, Madhya Pradesh and Greater Noida and is confident of its phase one being ready to use by 2018.

Speaking exclusively to CNBC-TV18's Priya Sheth in Sweden, Alkesh Sharma, Managaing Director and CEO of DMICDC, said that they are currently looking for early investors to set up factories in these areas.

“In phase one we intend to complete the trunk infrastructure which will be ready for plug and play by 2018. We are investing around USD 1.5 billion which will be put in by us. Simultaneously, we are looking for early investors who could come in and start putting up their factories.”

Trunk infrastructure approved by the Cabinet committee comprises roads, water and sewage treatment plants, common effluent treatment plant and other services.