India Japan Singapore Roundtable on Delhi Mumbai Industrial Corridor (Report)


  
  “India Japan Singapore Roundtable on Delhi Mumbai Industrial Corridor” was held by the Embassy of Japan in Singapore jointly with Indian High Commission in Singapore, Lee Kuan Yew School of Public Policy, National University of Singapore (LKYSPP-NUS), and International Enterprise Singapore (IE Singapore) at LKYSPP-NUS on 14th July.



This round table aims to accelerate the development of "Delhi-Mumbai Industrial Corridor" (DMIC). It involves not only India and Japan, the countries which the leaders bilaterally agreed to promote the development, but also Singapore having some successful infra-business experiences in India. The representatives from both public and private sectors of those three countries had business-action-oriented dialogue here. The outline of this round table is as follows: "Delhi-Mumbai Industrial Corridor" (DMIC):

Along the 1,500 km stretch of Dedicated Freight Corridor project which serves as the “backbone” of industrial logistics between Delhi and Mumbai, number of PPP projects, such as industrial complexes and freight transport complexes will be developed together with advanced infrastructures. The project is seen as the most remarkable one to form second to none industrial region in India.

 



Brief Overview of Discussion:
  • Session One: Broad Overview and Present Status of the Project
    Participants grasped the overview and the current status of the DMIC project and increased their awareness of the progresses as well as challenges for the project concept.
  • Session two: Detailed elaborations
    The presentations on the following themes were given followed by the concrete discussions on each issue among the participants.
    (I) Status of DMIC projects in Gujarat, Maharashtra and Haryana.
    (II) Status of specific projects relating to logistics, water supply, desalination of water, power projects etc in DMIC region.
    (III) Perspectives of private sector in infrastructure and PPP projects
  • Session three: Way forward and actions to be taken
    H. E. Yoichi Suzuki, Japanese Ambassador to Singapore summarized the discussions under the Sessions One and Two, and converged on major challenges behind the business scenes on the DMIC projects as follows; (i) difficulty in land acquisition, (ii) High financing cost and (iii) complicated and opaque administrative procedures. The participants from India, Japan and Singapore shared the view that DMIC projects should be promoted in project-based ways by the further cooperation and collaboration among three parties.