)
The first meeting of a Special Purpose Vehicle (SPV) formed by the Delhi Mumbai Industrial Corridor Development Corporation and Maharashtra government will be held on Friday in Nagpur.
Maharahtra government holds 51% equity while 49% is held by DMIC Development Corporation.
SPV, which is headed by the Maharashtra industries secretary Apurva Chandra, will review the development of first phase of Dighi Port industrial area in Raigad and Shendra-Bidkin industrial area near Aurangabad in Marathwada region.
Besides, the issues with regard to land acquisition, compensation to land owners, coordination among various government agencies and the appointment of project management consultant will come up for discussion during Friday's meeting.
The DMIC projects in Maharashtra would cover nearly 29% of land area and 18% project influence area. Around 26% of the state's population would come under the corridor that covers eight districts-Thane, Raigad, Pune, Dhule, Nandurbar, Nashik, Ahmednagar and Aurangabad.
A government official, who is associated with DMIC project, told Business Standard, "The meeting is being organized when the Government of India and the Maharashtra government have already signed the state support agreement (SSA) and shareholders agreement (SA)."
In case of land acquisition for Shendra-Bidkin, the state undertaking Maharashtra Industrial Development Corporation (MIDC) nhas acquired 3,200 hectare of the total 10,081.77 hectare. The Shendra-Bidkin Industrial Area development entails an investment of Rs 17,391 crore to cover 84 sq km of area in Aurangabad district.
Initially, 32 sq km will be developed. The project covers Shendre Bidkin Industrial City, multi modal logistics park at Karnad, exhibition cum convention centre at Aurangabad and water supply scheme for Shendra. These projects are expected to create 3,30,000 jobs."
The official informed compensation of Rs 56.81 lakh per hectare is being offered to land owners.
"The base rate was fixed taking into account the prevailing market rates of 2013. Even though new land acquisition act was about to come in force, the concern provisions of determining the compensation were considered. We are providing 15 % developed land to the project affected persons (PAPs) over and above the compensation as rehabilitation package," the official said.
As far as Dighi Port Industrial area is concerned, the government during first phase has scaled down land acquisition to 4,958.726 hectare from 25,000 hectare. MIDC has fixed rates by negotiation considering ready recknor rate and sale purchase transaction of last 3 years.
"MIDC has offered Rs 46 lakh per hectare without 15% developed plot and Rs 32.50 lakh per hectare with 15% developed plot," the official noted. Apart from port, Dighi Port Industrial Area will house export oriented industrial units, special economic zone, integrated logistics hub and township and a 3,000 MW power plant.
