The Union Cabinet on Wednesday approved 12 industrial cities in Bihar, Andhra Pradesh, Kerala and Telangana worth Rs 28,602 crore.
These projects are expected to attract investments worth around Rs 1.52 trillion with the potential to generate 10 lakh jobs.
This is part of the government’s initiative to attract foreign investment, boost national manufacturing and stimulate job creation.
The development of a solid infrastructure aims to promote “balanced” regional development.
These projects will span 10 states and six major industrial corridors. These industrial parks will function more like industrial cities, where residential and commercial facilities will coexist.
Commerce Minister Piyush Goyal said these areas will be akin to a “necklace of industrial cities” on the spine of the Golden Quadrilateral.
“This measure will transform the country’s industrial landscape by creating a strong network of industrial nodes and cities that will significantly boost economic growth and global competitiveness,” said an official statement.
In her budget speech last month, Union Finance Minister Nirmala Sitharaman had spoken about the plan to sanction 12 industrial parks under the National Industrial Corridor Development Programme (NICDP).
“Our government will facilitate development of investment-ready, plug-and-play industrial parks with complete infrastructure in or near 100 cities, in partnership with states and the private sector, through better use of urban planning schemes,” Sitharaman said.
These industrial cities will be located at 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 Andhra Pradesh and Jodhpur-Pali in Rajasthan.
They will be similar to the Integrated Industrial Township in Greater Noida, Uttar Pradesh and the Special Investment Region in Dholera, Gujarat.
These hubs will see the development of industries such as technical textiles, manufacturing, electric vehicles, aeronautical logistics, food processing and tourism, among others, the person cited above said, adding that these cities are expected to be built within three years.
These industrial nodes will act as catalysts to achieve $2 trillion in exports by 2030. The new industrial cities will be developed as smart cities of global standards, built “before demand” on “plug-n-play” and “walk-to-work” concepts.
This approach ensures that cities are equipped with advanced infrastructure that supports sustainable and efficient industrial operations, the statement said.
The government has taken steps to ensure that most of the important clearances are granted so that the project does not remain stuck in limbo.
In line with the Prime Minister’s GatiShakti National Master Plan, the projects will feature multi-modal connectivity infrastructure, ensuring seamless movement of people, goods and services.
By positioning India as a strong player in global value chains, NICDP will provide ready-made developed land parcels for immediate allocation, making it easier for domestic and international investors to set up manufacturing units in India.
NICDP projects are designed with a focus on sustainability, incorporating ICT-based public services and green technologies to minimise environmental impact, the statement said.
First published: August 28, 2024 | 6:00 pm IS
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