The $100-billion Delhi Mumbai Industrial Corridor, one of India’s most ambitious infrastructure projects, will kick off land allotments next month and those eyeing plots are said to include big global investors like Ikea, Kia Motors and China Railway Construction Corp.
The allocations will mark a significant step forward in a project that was approved by cabinet in 2011. Other potential investors include German wind turbine manufacturer Senvion, Korean Land & Housing Corp. and Chinese real estate company Country Garden, said a person with knowledge of the matter. The land will be fully developed with world-class infrastructure, a big attraction for investors ready to pay a premium for clean titles in four brand new industrial cities being developed as part of the project.
Read more: Economic Times
