India and Japan have signed a deal to build the DMIC at a proposed investment of $90 billion.
Modi said once the project is complete, a clutch of industrial projects will come up along the corridor, with Gujarat gaining the most.
The chief minister also said Gujarat was progressing in all sectors, particularly in the manufacturing and agriculture sectors.
'When the green revolution happened, Gujarat was not in the picture. But now, the agricultural sector in the state is booming. Gujarat has achieved over 10 percent agricultural growth, while the national average is less than two percent,' he added.
'The state would take a quantum leap in socio-economic development by 2010 when we will celebrate 50 years of the formation of Gujarat'.