Among the twenty businesses that have lately started manufacturing in the smart industrial townships of the Delhi-Mumbai Industrial Corridor (DMIC) are Torrent Power, Haier Appliances, and nox Air Products. Large areas of 2,500–3,000 acres of industrial land are being developed into the industrial cities of Dholera (Gujarat), Greater Noida (Uttar Pradesh), Vikram Udyogpuri (Madhya Pradesh), and Shendra-Bidkin (Maharashtra).
Approximately 65% of the total land area has already been occupied, according to Rajat Kumar Saini, general director of the National Industrial Corridor Development Corporation (NICDC), with 274 firms having either established or set up their operations. Saini stated that although Shendra-Bidkin is already fully occupied and leaves less than 40 acres available in Vikram Udyogpuri, Dholera is specifically concentrating on high-tech and modern electronics.
Modern infrastructure can be found in these greenfield smart industrial communities. It includes plug-and-play units, continuous power supplies, wastewater treatment plants, smooth multi-modal connectivity, and simplified single-window clearing processes that include environmental permits.
India currently has eleven economic and industrial corridors that will eventually create thirty-two smart industrial cities. There are four completely established cities and four more that are planned. Saini is enthusiastic about the progress done so far, albeit acknowledging that it takes time to create these cities.
Prior to 2020, these fully-fledged industrial cities had already attracted investments from three Chinese companies: Chenfeng, Haier Appliances. Nevertheless, regardless of sectoral restrictions, recent modifications to FDI legislation implemented by the Department for Promotion of Industry and Internal Trade (DPIIT) through Press Note 3 now necessitate government clearance for foreign direct investments from nations that share a land border with India.
The availability of land at reduced costs, ranging from 25% to 30%, is a noteworthy benefit of establishing companies in these corridors because agricultural subsidization is not a concern.
