States to form joint ventures for DMIC infrastructure by Feb-end.

The special purpose vehicles (SPVs) for implementation of six projects pertaining to development of trunk infrastructure under the Delhi-Mumbai Industrial Corridor (DMIC), including that in Madhya Pradesh and Greater Noida in Uttar Pradesh, are likely to be set up by the end of this month by the respective states.

A senior official told The Indian Express that all the required approvals before setting up of SPVs have been obtained along with nod from the state governments. 'The states have said that by February end the SPVs should be in place. On the part of the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC), the trust will release funds to get the projects going,' the official said.

The Cabinet Committee on Economic Affairs (CCEA) nod required in cases where the funding is more than Rs. 300 crore has already been obtained along with the go-ahead from both the DMICDC and the state governments. States have completed the land acquisition process as well, the official said adding that Vikram Udyogpuri near Ujjain, MP; integrated industrial township at Greater Noida, UP; water supply project, MP; model solar power project, Neemrana, Rajasthan and construction of a new rail line between Bhimnath and Dholera, Gujarat, have received the requisite approvals.

The Indian Express