'Govt has created a Rs 17,500-cr trust fund to implement DMIC's Phase-I'

Interview with Alkesh Kumar Sharma, MD and CEO of the DMIC Development Corporation

The Delhi-Mumbai Industrial Corridor (DMIC) is a keenly watched mega infrastructure project. ALKESH KUMAR SHARMA, managing director and chief executive officer of the DMIC Development Corporation, talks to Nirmalya Behera and Jayajit Dash on various facets. Edited excerpts:

DMIC is estimated to cost $90 billion (Rs 60 lakh crore). How is the funding tied up?

All the trunk infrastructure components across DMIC cities are being developed by utilising Government of India (GoI) funds, wherein the land acquisition or pooling is the responsibility of the respective states. For Phase-I, the GoI has created a DMIC Project Implementation Trust Fund with a corpus