Cabinet approves state support, shareholder agreement for DMIC.

Maharashtra cabinet approved the state support and shareholder agreement for the 1483-km Delhi-Mumbai Industrial Corridor (DMIC), which will run through six states.

Addressing a press conference after the weekly cabinet meeting, Chief Minister Prithviraj Chavan said 18 per cent of the land (about 400 kms) in Maharashtra will come under the corridor.

Capital will be raised by the Centre while land acquisition will be done by the state government, he said.

Logistic parks, road tunnels, port connectivity were some of the activities that would be taken up under this ambitious project.

BS