DMIC meaning in General ?

Answer:

What is Delhi Mumbai Industrial Corridor mean?

The Delhi–Mumbai Industrial Corridor Project (DMIC) is a planned industrial development project between India's capital, Delhi and its financial hub, Mumbai. The DMIC project was launched in pursuance of an MOU signed between the Government of India and the Government of Japan in December 2006. It is one of the world's largest infrastructure projects with an estimated investment of US$90 billion and is planned as a high-tech industrial zone spread across Six Indian States, as well as Delhi, the national capital and itself a Union Territory. The investments will be spread across the 1,500 km long Western Dedicated Freight Corridor which will serve as the industrial corridor's transportation backbone.

It includes 24 industrial regions, eight smart cities, two international airports, five power projects, two mass rapid transit systems, and two logistical hubs. The eight investment regions proposed to be developed in Phase I of DMIC are Dadri - Noida - Ghaziabad (in Uttar Pradesh), Manesar - Bawal (in Haryana), Khushkhera - Bhiwadi - Neemrana and Jodhpur - Pali - Marwar (in Rajasthan), Pithampur - Dhar - Ambedkar Nagar (in Madhya Pradesh), Ahmedabad - Dholera Special Investment Region (in Gujarat), and Aurangabad Industrial City (AURIC) and Dighi Port Industrial Area in Maharashtra.

The project has received a major boost from India and Japan, due to an agreement to set up a project development fund with an initial size of ₹1,000 crore (US$132.8 million). The Japanese and Indian governments are likely to contribute equally. The work is progressing at a rapid pace, with the dedicated freight corridor expected to be completed by 2021.

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