India to Build 12 New Industrial Cities: Rs 28,602 Cr Investment

By By Rediff Money Desk, New Delhi
Aug 28, 2024 15:21
India's Cabinet approves 12 new industrial cities across 10 states, aiming to boost manufacturing with a Rs 28,602 crore investment under the National Industrial Corridor Development Programme.
New Delhi, Aug 28 (PTI) The Union cabinet on Wednesday approved 12 new industrial cities in 10 states 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.
Source: PTI
Read More On:
indiainvestmentjob creationeconomic growthinfrastructuremanufacturingsmart citiesgreenfieldindustrial citiesnicdpnational industrial corridor development programme
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

UP Govt & World Bank Discuss Rs 3,903cr Agri...

Uttar Pradesh govt holds talks with World Bank for a Rs 3,903 crore project to boost...

Ashok Leyland: Record Exports Expected This...

Ashok Leyland is set to achieve record exports this fiscal year, fueled by expansion in...

Pakistan Unveils 3-Month Power Relief Package

Pakistan Prime Minister Shehbaz Sharif has announced a three-month electricity relief...

Trump's Presidency: India & ASEAN Benefit As...

Moody's predicts Trump's presidency could shift trade & investments away from China,...

TRAI Open House: Jio, Airtel vs Starlink,...

Reliance Jio and Bharti Airtel clashed with satellite players like Starlink and Amazon...

Dixon & Nokia Partner to Manufacture Broadband...

Dixon Technologies and Nokia collaborate to manufacture fixed broadband devices in...

Emami's Agarwal New FICCI President - Nov 21

Harsha Vardhan Agarwal, Emami Limited's Vice Chairman & Managing Director, elected as...

Signature Global Profit Jumps in Q2 FY24 -...

Signature Global reports a consolidated net profit of Rs 4.15 crore in Q2 FY24, a...

Govt Launches Rs 500 Cr Medtech Scheme:...

The Indian government launches a Rs 500 crore scheme to strengthen the medical device...

NICDC & UP Govt Partner for Manufacturing...

NICDC and UP State Industrial Development Authority collaborate to develop integrated...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com