The aim is to develop the Delhi Mumbai Industrial Corridor (DMIC) as a “Global Manufacturing and Trading Hub”, featuring 24 industrial regions, 8 smart cities, 5 power projects, 2 airports, 2 Mass Rapid Transportation Systems (MRTS) and 2 logistics hubs. With an estimated investment of US$100 billion, the project is expected to fuel India’s economic growth for the next 20-30 years, facilitating businesses and providing cheap, fast and efficient transportation to ports and the rest of the nation. Phase I (8 of the 24 investment regions) is estimated to be completed by 2019.
On July 31st 2016, a building collapsed in Bhiwandi, a suburb of Mumbai, India killing 8 people and injuring more. The causes are investigated by authorities. The failure of course raises concern among residents of similar structures.