Department of Industrial Policy & Promotion (DIPP), Government of India, is continuously working on introducing new Policy and Amendments in such a way that attracts private players as well as global investors.
It is the intent and objective of the Government on India to promote Foreign Direct Investment (FDI) which significantly contributes to industrialization and socio-economic development. This is achieved through a Consolidated FDI Policy framework which is transparent, predictable, simple and clear and reduces regulatory burden. This policy is effective from 1st April 2011. The system of periodic consolidation and updation is introduced as an investor friendly measure.
Furthermore introduction of the Delhi Mumbai Industrial Corridor (DMIC) project widens the area of investment required in near future. Delhi-Mumbai Industrial Corridor is a mega infra-structure project of USD 90 billion, covering an overall length of 1483 kilometers between the political capital and the business capital of India, i.e. Delhi and Mumbai respectively.
This project incorporates Nine Mega Industrial zones of about 200-250 sq. km., high speed freight line, three ports, and six air ports; a six-lane intersection-free expressway connecting the country’s political and financial capitals and a 4000 MW power plant. Several industrial estates and clusters, industrial hubs, with top-of-the-line infrastructure would be developed along this corridor to attract more foreign investment.
The vision for DMIC is to create strong economic base in this band with globally competitive environment and state-of-the-art infrastructure to activate local commerce, enhance foreign investments, real-estate investments and attain sustainable development. In addition to the influence region, DMIC would also include development of requisite feeder rail/road connectivity to hinterland/markets and select ports along the western coast.
DMIC – Gujarat
The alignment of the proposed DFC passes through Palanpur, Mahesana, Ahmedabad, Vadodara, Bharuch and Valsad in Gujarat. About 62% of area of the state is covered within the influence area of DMIC. Based on the strengths of specific regions across the state, five development nodes are identified in the influence area of DMIC.
These include two investment regions and three industrial areas.
- Node No.12: Ahmedabad-Dholera Investment Region
- Node No.13: Vadodara-Ankleshwar Industrial Area
- Node No.14: Bharuch-Dahej Investment Region
- Node No.15: Surat-Navsari Industrial Area
- Node No.16: Valsad-Umbergaon Industrial Area
Keeping all these facts in mind Sheth Construction Group has taken initiative in the field of Industrial Park Development and to do this at a larger scale, we invite and warmly welcome support from Institutional Investors so that we can grow together and serve the nation.
