The Finance Minister, Shri P Chidambaram on 28 February 2013 in his Budget speech in Lok Sabha expressed that the Delhi Mumbai Industrial Corridor (DMIC) project has made rapid progress.

Plans for seven new cities have been finalized and work on two new smart industrial cities at Dholera, Gujarat and Shendra Bidkin; Maharashtra will start during 2013-14. In order to dispel any doubt about funding, The Government will provide, if required, additional funds during 2013-14 within the share of the Government of India in the overall outlay for the project. Also, the Government of Japan will provide support.

Currently, the Department of Industrial Policy and Promotion (DIPP) and the Japan International Cooperation Agency (JICA) are preparing a comprehensive plan for the Chennai Bengaluru Industrial Corridor. The corridor will be developed in collaboration with the Governments of Tamil Nadu, Andhra Pradesh and Karnataka.

The next corridor will be the Bengaluru Mumbai Industrial Corridor on which preparatory work has stared.

_{Source: Union Budget 2013-14}