. Establishment of Project Development Fund
Government of India is pursuing various proposals for contributing to the Project Development Fund. Non-Banking Financial Institutions and Commercial Banks have already shown immense interest to be part of the proposed PDF. Having evolved the broad framework for PDF, Government of India is currently in the process of initiating formal dialogue with Government of Japan for contributing to the PDF.
. Establishment of DMICDC Business Advisory Committee
It is proposed that an Indian Business Advisory Committee will be constituted with most of the members from the India-Japan CEO forum. This committee would have various sub-committees focusing on development of wide range of industry and infrastructure initiatives as well as an Investment Advisory Committee (IAC), which will advise the Board of DMICDC with respect to investments to be undertaken for development of various industry and infrastructure initiatives in DMIC Region. The scope of services of IAC shall include sourcing investment opportunities/ project for the Project Development Fund in addition to other related services.
. Developing select stand-alone projects, across the DMIC Region within next 10-12 months
Government of India initiated the process of identifying stand-alone and significant projects, at least one in each of the DMIC States, (viz. Modern Industrial Townships, Expressways, Ports, Airports, Logistics Hubs, Knowledge Cities, Agro-Processing Hubs, Power Plants etc) within the DMIC Region for implementing the same through private sector participation (or) under public private partnership format. It is envisaged that preparation of feasibility studies & detailed project reports would be taken up in parallel, with preparation of Master Plans for phase-1 investment nodes, for such identified projects in a time frame of about 12 months.