NEW DELHI:President Pratibha Devisingh Patil today said the Government has constituted the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) for developing an industrial corridor along the Dedicated Railway Freight Corridor between Delhi and Mumbai.
Addrtessing the joint session of Parliament, she said the proposed industrial corridor will pass through six States of the country and infrastructure facilities will be developed at identified locations in consultation with the States concerned.
The Government has also come out with a new policy for promoting investment in Petroleum, Chemicals and Petrochemicals sector through development of Investment Regions. Significant progress has been made towards setting up Petroleum, Chemicals and Petrochemical Investment Regions in Andhra Pradesh, Gujarat and West Bengal.
Recognising that rapid growth in industry and services is essential to provide the avenues for employment required by our youth, the Union government has put in place appropriate policies which have promoted growth and employment opportunities.
"In particular, my government enacted the Special Economic Zones Act, which has already facilitated incremental investment of Rs.90,000 crore, and generated direct and indirect employment for over 7 lakh persons," she said.
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