(MENAFN- Live Mint) Union Minister Ashwini Vaishnaw said that the Cabinet, chaired by Prime Minister Narendra Modi , approved 12 industrial smart cities across India under the National Industrial Corridor Development Programme (NIDCP) on Wednesday, August 28. The government is going to invest ₹28,602 crore for this project, reported the news agency ANI.
“Cabinet today approved 12 Industrial Smart Cities under National Industrial Corridor Development Programme. The government will invest ₹28,602 crore for this project,” said Vaishnaw.
Also Read | Govt may relax export ban on non-basmati white rice amid surplus: Pralhad Joshi
The new projects will come under the National Industrial Corridor Development Programme (NIDCP), covering 10 states of the country, which strategically covers 6 major corridors, said the report.
The industrial areas will be located in Khurpia in Uttrakhand, Rajpura-Patiala in Punjab, Dighi in, Maharashtra , Palakkad in Kerela, Agra and Prayagraj in UP, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in AP and Jodhpur-Pali in Rajasthan, as per the report.
The investment potential from these areas is estimated to be at ₹1.5 lakh crore with 10 lakh direct and 30 lakh indirect employment potential, said the report.
Also Read | Shivaji statue collapse: MVA's protest march in Mumbai on Sept 1, says Thackeray
“India to soon have a grand necklace of Industrial Smart Cities on the backbone of Golden Quadrilateral as Cabinet approves 12 World-class greenfield Industrial Smart Cities under National Industrial Corridor Development Programme,” said Director General of the Press Information Bureau after the meeting on the social media platform X.
The approval from the Cabinet for the 12 industrial smart cities is a milestone in India's journey towards becoming the global manufacturing powerhouse, with the country's strategic focus on integrated development, sustainable infrastructure and seamless connectivity , as per the report.
Also Read | UP Social media policy: Yogi Adityanath govt to pay influencers up to ₹8 lakh
The new projects are poised to build India's industrial landscape and drive the nation's economic growth for the coming years. These cities under the National Industrial Corridor Development Programme (NIDCP) are in line with India's vision of a Viksit Bharat, which is to provide global value chains with ready-to-allot land for investors, according to the report.
MENAFN28082024007365015876ID1108610134
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.