The Government of India is developing the Delhi Mumbai Industrial Corridor (DMIC) Project, as a global manufacturing and investment destination, by utilising the high capacity 1483 kilometre long Western Dedicated Freight Corridor (DFC), as the backbone.
In its recent development, the Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has approved the construction of trunk infrastructure components and landscaping for Phase-1 of the Shendra Bidkin Industrial Area (SBIA) in the Shendra region spreading across 8.39 sq km in Maharashtra in the DMIC Project.
The total cost of the project is estimated to be approximately Rs. 1533.45 crore which will be invested by DMIC Trust as equity in the city/node SPV, viz, Aurangabad Industrial Township Limited (AITL).
The trunk infrastructure components are:
Road and Utility Services,
- Rail over bridges (RoBs),
- Sewage Treatment Plant (STP), Common Effluent Treatment Plant (CETP) and Solid Waste Management (SWM),
- District Administrative Building (DAB) for SBIA and
- Area landscaping for Phase-1 of SBIA are being considered initially for development in Phase-1.
The primary objective of developing the Project Area is to trigger developmental activities in SBIA and attract local and global investments. This Area shall also help in building confidence in the market bringing the effort of the past half-a-decade to fruition.
The development of Trunk Infrastructure in Phase-1 of SBIA is proposed to commence in FY 2015-16 and is likely to be completed by FY 2017-18 after all necessary approvals.
A Node/City level SPV has been formed as a joint venture between the Government of India (Gol) and Government of Maharashtra (GoM) under the name 'Aurangabad Industrial Township Limited (AITL)'. The share of GOI through DMIC Trust is 49 percent and the remaining 51 percent is held by GoM through Maharashtra Industrial Development Corporation (MIDC).
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