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Home > Forum > Delhi > Real estate News > DMIC funding lands are in problem

DMIC funding lands are in problem

Q: Hi, Guys i got this news and want to know the problems! Kindly update me with the news!

delhi ncr
real estate news
delhi
dmic
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Replies (4)
1
Delhi Mumbai Corridor is a very important link, hence now the freight corridor is a dedicated rail link to carry goods to the two largest cities in India with the DMIC using it as the backbone to develop industrial hubs. !!!! things should be out quickly !
Kashif Ahmed


2
Hmmm even according to the sources, the loans will have a tenure of 40 years will carry 0.1% interest, making them an attractive source of finance for the $90 billion DMIC project!
Farhan Iqbal


Thats a huge amount guys.... i think the government has told now that the loan have to ensure that at least 30% of the goods procured have a link with Japan, with consulting work not included in this. !!
Sameer Khan,  Delhi-NCR
22nd November 2013


3
Yes that was there but now finance ministry is opposing a loan from Japan, stating that tied aid and will result in a large chunk of the contracts being awarded to companies from the Asian giant through what is called Special Terms for Economic Partnership of Japanese Official Development Assistance Loans.
Gautam Das


4
Actually Mr Harilal, Delhi-Mumbai Industrial Corridor (DMIC) with the finance and commerce & industry ministries are struggling over arranging funds for the project, that is aimed at setting up new towns and manufacturing hubs. Now the arranging funds is big matter for them!
Deep Thakur


But aren't they arranging for funds through loans?? What was decided earlier when this was passed!
Amit Raj,  Delhi-NCR
22nd November 2013


5

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