A set of three statements regarding DMIC (Delhi Mumbai Industrial Corridor) are given below.

Read each statement and answer whether each statement is true or false?

Statement 1 : Delhi-Mumbai Industrial Corridor is a mega infra-structure project of with the financial & technical aids from USA, between Delhi and Mumbai.

Statement 2 : 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.

Statement 3 : This project incorporates Nine Mega Industrial zones of about 200-250 sq. km., three ports, and six airports; a six-lane intersection-free expressway connecting Mumbai & Delhi and a 4000 MW power plant.

Solution

Delhi-Mumbai Industrial Corridor is a mega infra-structure project of USD 90 billion (Rs. 4,23,000 crore) with the financial & technical aids from Japan, covering an overall length of 1483 KMs between the political capital and the business capital of India, i.e. Delhi and Mumbai. This project incorporates Nine Mega Industrial zones of about 200-250 sq. km., high speed freight line, three ports, and six airports; a six-lane intersection-free expressway connecting Mumbai & Delhi 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. Funds for the projects would come from the Indian government, Japanese loans, and investment by Japanese firms and through Japan depository receipts issued by the Indian companies. This high-speed connectivity between Delhi and Mumbai offers immense opportunities for development of an Industrial corridor along the alignment of the connecting infrastructure. A band of 150 km (Influence region) has been chosen on both sides of the Freight corridor to be developed as the Delhi-Mumbai Industrial Corridor.