What is DICDL? The Dholera SPV, Ownership & Role Explained

Home / Government / What is DICDL What is DICDL, the Dholera SPV? DICDL is the company that actually builds Dholera. It is a special purpose vehicle, jointly owned by the Government of Gujarat and the Government of India, set up to develop the region's infrastructure and hand over serviced land for industry. Here is who owns it, when it was formed, and what it does, with links to official sources.

Last updated 16 July 2026 DICDL — Dholera Industrial City Development Limited The 51:49 state-centre special purpose vehicle that builds Dholera What a special purpose vehicle is A special purpose vehicle, or SPV, is a company created for one defined job. In Dholera's case, that job is to develop the region on the ground, build the roads and utilities, service the plots, and manage the infrastructure, on behalf of the governments that own it. DICDL, Dholera Industrial City Development Limited, is that SPV. [1] When it was formed, and who owns it DICDL was incorporated on 28 January 2016.

Its shareholding splits the region cleanly between the state and the centre, giving Gujarat the majority stake while the central government holds a substantial minority through its industrial-corridor tru