Cabinet nod for setting up 12 industrial cities; outlay Rs 28,602 cr
Spanning across 10 states and strategically planned along six major corridors, these projects represent a significant leap forward in India's quest to enhance its manufacturing capabilities and economic growth
PTI
New Delhi, 28 Aug
The Union Cabinet
on Wednesday approved 12 new industrial cities in 10 states to boost domestic
manufacturing with an estimated investment of Rs 28,602 crore.
Spanning across 10
states and strategically planned along six major corridors, these projects
represent a significant leap forward in India's quest to enhance its
manufacturing capabilities and economic growth.
These industrial
areas will be located in Khurpia in Uttrakhand, Rajpura-Patiala in Punjab,
Dighi in Maharashtra, Palakkad in Kerala, Agra and Prayagraj in UP, Gaya in
Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in AP, and Jodhpur-Pali
in Rajasthan.
The Union Cabinet
has approved 12 new project proposals under the National Industrial Corridor
Development Programme (NICDP) with an estimated investment of Rs 28,602 crore,
said Union Minister Ashwini Vaishnaw after the Cabinet meeting.
The move will
transform the industrial landscape of the country, creating a robust network of
industrial nodes and cities that will significantly boost economic growth and
global competitiveness.
They will be
developed as greenfield smart cities of global standards.
The approach
ensures that the cities are equipped with advanced infrastructure that supports
sustainable and efficient industrial operations.
NICDP is expected
to generate significant employment opportunities, with an estimated 1 million
direct jobs and up to 3 million indirect jobs being created through planned
industrialisation.
These projects
will create an investment potential of about Rs 1.52 lakh crore.
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