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The industry ministry is looking for Rs. 18,500 crore from cabinet to develop seven cities around the Delhi-Mumbai Industrial Corridor (DIMC). The DMIC is a mega infrastructure development project of $90 billion with the financial and technical help from Japan, covering an overall length of 1483 KMs between the political and commercial capitals of the nation.
The all seven cities would come up along Delhi Mumbai Rail Freight Corridor covering Uttar Pradesh, Haryana, Rajasthan, Gujarat, Maharashtra and Madhya Pradesh. The department of industrial Policy and Promotion (DIPP) has obtained views of most the related ministries for the development project. And it’s expected that DIPP will prepare a note for cabinet asking for funds.
Infrastructure like internal road, solid wastes disposal, flood management, storm water and sewage system, bus and rail-based public transportation system and landscaping will be developed with Rs. 17,500 and remaining Rs 1000 will be used for preliminary work of the project (as a Project Development Fund). Around Rs 2,500 crore would be spent on each city to build up basic infrastructure.
The planned new cities and sub-cities will be developed around the industrial hubs of Kushkhera-Bhiwadi-Neemrana in Rajasthan, Dadri-Noida-Ghaziabad in Uttar Pradesh, Bharuch-Dahej in Gujarat, Igatpuri-Nashik-Sinnar in Maharashtra and Pitampura-Dhar-Mhow in Madhya Pradesh. Subsequently, 17 extra cities are planned to be developed on a similar model.
The money for the development of project would be raised from the debt and equity and would be ploughed into The Delhi Mumbai Corridor Development Corporation (DMiCDC) which will be joint venture between government and IL& FS and IDFC. This investment is necessary to create basic infrastructure so that industrial and trading activities can come up. This money has to be put in by government even before public - private partnership (PPP) business model can be developed.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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