New Delhi: Reserve Bank of India Governor Raghuram Rajan said that the projects such as the Delhi-Mumbai Industrial Corridor are very promising but need to complete on time, and within budget.
While speaking at Delhi Economic Conclave 2013, Rajan said “We need to improve the quality of our infrastructure, especially the logistical support and power that industry and services need. Grand plans are on the anvil, such as the Delhi-Mumbai Industrial Corridor. We need to complete such projects on time and within budget”.
He further said “The success of the New Delhi Metro suggests that timeliness and cost control are not foreign to the Indian psyche”.
Delhi Mumbai Industrial Corridor is a mega infrastructure project of US$ 90 billion covering an overall length of 1483 KMs between Delhi and Mumbai. Government of India is getting financial and technical aid from Japan for this project.
The corridor will pass through six states – UP, NCR of Delhi, Haryana, Rajasthan, Gujarat and Maharashtra and expected to generate employment opportunities for 225 million people.