New Delhi: To boost domestic manufacturing, the Centre on Wednesday approved setting up of 12 new industrial cities in 10 states with an estimated investment of Rs 28,602 crore.
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.
These industrial areas will be located in Khurpia in Uttarakhand, 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.
These projects will create an investment potential of about Rs 1.52 lakh crores.
These industrial nodes will act as catalysts for achieving $2 trillion in exports by 2030, reflecting the government's vision of a self-reliant and globally competitive India, said a statement.
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.
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, the statement said.
Published 28 August 2024, 11:22 IST
