Industrializing India
The government plans to build 24 industrial cities that stretch from New Delhi to Mumbai for a corridor bigger in land size than Japan, write Matthias Williams and Lyndee Prickitt for Reuters.
The $90 billion project, called the Delhi Mumbai Industrial Corridor, must overcome a long history of failed infrastructure plans:
"'It's a very crucial project for supporting GDP growth,' said Pratyush Kumar, President & CEO of GE Transportation in India, a company with interests from railway engines to wind turbines. So far it is not involved in the DMIC project.
"'Nobody is saying that it's not moving, but the glacial pace will choke the GDP ambitions,' he said. "The pace has to pick up and they need to get away from this whole decision-making paralysis of 'hey, we can't award large projects because of all the scams'.'"
Published on Wednesday, October 26, 2011 in
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