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Govt Announces 12 'Plug & Play' Industrial Parks Near 100 Cities

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By Rediff Money Desk, New Delhi   Jul 23, 2024 19:55

India's government announced the development of 12 'plug & play' industrial parks near 100 cities, aiming to boost manufacturing through public-private partnerships.
New Delhi, Jul 23 (PTI) The government on Tuesday announced the development of 'plug and play' industrial parks in or near 100 cities, in partnership with states and the private sector to boost manufacturing.

Finance Minister Nirmala Sitharaman said these parks will be developed using town planning schemes in a better way.

"Our government will facilitate development of investment-ready 'plug and play' industrial parks with complete infrastructure in or near 100 cities, in partnership with the states and private sector," she said.

Generally in such parks, the government creates trunk infrastructure and provides the land to industry.

It helps in facilitating investments into the country by providing quality, reliable, sustainable and resilient infrastructure for the industries.

Commenting on the announcement, Commerce and Industry Minister Piyush Goyal said 12 such parks would be developed.

"People are saying it is only Bihar and Andhra Pradesh. There are 12 industrial parks. They are all over the country. Very often, you announce only one or two as an example but the details will come in due course. I will go to the Cabinet for these 12 industrial parks," Goyal told reporters here.
Source: PTI
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