Kamal Nath hails Japan's role as largest ODA contributor
16 Apr '07
3 min read
Indo-Japan trade and economic relations are moving on to a new trajectory with major new initiatives such as the Delhi-Mumbai Industrial Corridor (DMIC) being given concrete shape and the Economic Partnership Agreement (EPA) negotiations between the two countries getting underway.
This was indicated by Shri Kamal Nath, Union Minister of Commerce and Industry and Mr. Akira Amari, Minister of Economy, Trade and Industry of Japan at an interactive session with business representatives, which was jointly organised here this afternoon by the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce and Industry and the Confederation of Indian Industries (CII).
In a presentation made on the occasion, Dr. Ajay Dua, Secretary (DIPP), outlined the key features of the Delhi-Mumbai Industrial Corridor, which would pass through 6 states of India (viz, Haryana, Delhi, Uttar Pradesh, Rajasthan, Gujarat and Maharashtra). The dedicated freight corridors were planned along Delhi-Mumbai in phase-I and along Delhi-Kolkata routes in phase-II.
The project would double employment potential in India; triple industrial output; and quadruple exports from the regions covered by the Project in 5 years, he said.
The Project would involve development of industrial infrastructure such as upgradation of all industrial clusters in the corridor together with promotion of 10-12 new ones; improvement of physical infrastructure including upgradation of 5-6 airports, setting up of 2 greenfield ports in Gujarat and Maharashtra and augmenting rail and port connectivity, he added.
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