Research
ISAS Special Report
No. 14 – 8 July 2013
469A Bukit Timah Road
#07-01, Tower Block, Singapore 259770
Tel: 6516 6179 / 6516 4239
Fax: 6776 7505 / 6314 5447
Email: isassec@nus.edu.sg
Website: www.isas.nus.edu.sg
The Delhi Mumbai Industrial Corridor:
Salient Features and Recent Developments
Vijay Bhalaki1
Abstract
In order to address existing systemic challenges and encourage a broad-based, multistakeholder development model for infrastructure creation, the Government of India has envisaged the Delhi Mumbai Industrial Corridor (DMIC) project, spanning over 1,483 km between the political (Delhi) and the financial (Mumbai) capitals of the country. Moving beyond its traditional role of being the developer and financier, the government, through the
DMIC, seeks to create trunk infrastructure and offer an enabling policy environment to attract private capital for phased regional development. This document presents the salient features, recent developments and the upcoming investment opportunities in the DMIC region. Introduction
At USD 500 billion, infrastructure investment as a percentage of GDP was 8% in the
Eleventh Five Year Plan– (2007-2012) – about 2.5% higher than the previous plan period – with 30% of the investment from the private sector. Despite this increased emphasis on infrastructure development, 2 India’s experience in the sector has been mixed, in terms of
1
2
Mr Vijay Bhalaki is the Director of Athena Infonomics. He can be contacted at vb@athenainfonomics.in.
The views expressed in this paper are those of the author and do not necessarily reflect those of ISAS.
The key phenomena that influenced the evolution of the infrastructure sector in India are elaborated in
Appendix I
capacities added and quality of services delivered,3 and key questions have emerged on the sustainability of existing models of infrastructure growth and the role of government in the same. Through the conceptualisation of the Delhi Mumbai
No. 14 – 8 July 2013
469A Bukit Timah Road
#07-01, Tower Block, Singapore 259770
Tel: 6516 6179 / 6516 4239
Fax: 6776 7505 / 6314 5447
Email: isassec@nus.edu.sg
Website: www.isas.nus.edu.sg
The Delhi Mumbai Industrial Corridor:
Salient Features and Recent Developments
Vijay Bhalaki1
Abstract
In order to address existing systemic challenges and encourage a broad-based, multistakeholder development model for infrastructure creation, the Government of India has envisaged the Delhi Mumbai Industrial Corridor (DMIC) project, spanning over 1,483 km between the political (Delhi) and the financial (Mumbai) capitals of the country. Moving beyond its traditional role of being the developer and financier, the government, through the
DMIC, seeks to create trunk infrastructure and offer an enabling policy environment to attract private capital for phased regional development. This document presents the salient features, recent developments and the upcoming investment opportunities in the DMIC region. Introduction
At USD 500 billion, infrastructure investment as a percentage of GDP was 8% in the
Eleventh Five Year Plan– (2007-2012) – about 2.5% higher than the previous plan period – with 30% of the investment from the private sector. Despite this increased emphasis on infrastructure development, 2 India’s experience in the sector has been mixed, in terms of
1
2
Mr Vijay Bhalaki is the Director of Athena Infonomics. He can be contacted at vb@athenainfonomics.in.
The views expressed in this paper are those of the author and do not necessarily reflect those of ISAS.
The key phenomena that influenced the evolution of the infrastructure sector in India are elaborated in
Appendix I
capacities added and quality of services delivered,3 and key questions have emerged on the sustainability of existing models of infrastructure growth and the role of government in the same. Through the conceptualisation of the Delhi Mumbai
Bibliography: 1. Annual Survey of Indian Economy, Ministry of Finance, Government of India, 2011-12 & 2012-13 Banerji, et al. New Thinking on Corporate Bond Market in India, DEA Working Papers, Ministry of Finance, Government of India, 2011 4. Draft Twelfth Five Year Plan 2012 – 2017, Planning Commission, Government of India, 2012 5 6. DMIC Perspective Plan, Delhi Mumbai Industrial Corridor Development Corporation, 2009 7 CII CEOs’ National Round Table on DMIC, 2013 .....