29-08-2024 11:13 AM | Source: Accord Fintech
Government approves 12 new industrial cities in 10 states to boost domestic manufacturing

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Union Minister Ashwini Vaishnaw has said that the government approved 12 new industrial cities in 10 states on the lines of Greater Noida in Uttar Pradesh and Dholera in Gujarat to boost domestic manufacturing with an estimated investment of Rs 28,602 crore. These industrial areas will be 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, and one in Haryana.

Vaishnaw said government  has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP). NICDP is expected to generate significant employment opportunities, with an estimated one million direct and up to three million indirect jobs being created through these planned areas.

These projects will create an investment potential of about Rs 1.52 lakh crore. The decision followed the announcement by the government in the Budget for the development of ‘plug and play’ industrial parks in or near 100 cities in partnership with states and the private sector to boost manufacturing.