Union Cabinet Greenlights 12 New Industrial Cities with a Whopping Rs 28,602 Crore Investment
The Union Cabinet has approved 12 new industrial cities in 10 states to boost domestic manufacturing with an estimated investment of Rs 28,602 crore. These industrial areas will be located in Khurpia in Uttrakhand, Rajpura-Patiala in Punjab, Dighi in Maha
Union CabinetIndustrial CitiesDomestic ManufacturingEconomic GrowthNicdpReal Estate MaharashtraAug 28, 2024
The 12 new industrial cities will be located in Khurpia in Uttrakhand, 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.The National Industrial Corridor Development Programme (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 programme is also expected to create an investment potential of about Rs 1.52 lakh crore.
According to Union Minister Ashwini Vaishnaw, 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.The development of these new industrial cities is a significant step forward in India's quest to enhance its manufacturing capabilities and economic growth. With the government's focus on promoting domestic manufacturing, these projects are expected to play a key role in achieving this goal.
The NICDP is a key initiative of the government to promote industrial development and create employment opportunities. The programme aims to develop industrial corridors and cities that are equipped with world-class infrastructure and facilities, making them attractive to investors and industries.The development of these new industrial cities is expected to have a positive impact on the economy, creating new job opportunities and promoting economic growth. With the government's focus on promoting domestic manufacturing, these projects are expected to play a key role in achieving this goal.
In addition to creating employment opportunities, the NICDP is also expected to promote economic growth and global competitiveness. The programme aims to develop industrial corridors and cities that are equipped with world-class infrastructure and facilities, making them attractive to investors and industries.The development of these new industrial cities is a significant step forward in India's quest to enhance its manufacturing capabilities and economic growth. With the government's focus on promoting domestic manufacturing, these projects are expected to play a key role in achieving this goal.
The National Industrial Corridor Development Programme (NICDP) was launched by the government to promote industrial development and create employment opportunities. The programme aims to develop industrial corridors and cities that are equipped with world-class infrastructure and facilities, making them attractive to investors and industries.The Ministry of Commerce and Industry is responsible for the development of the NICDP. The ministry works to promote industrial development and create employment opportunities through various initiatives and programmes.
Frequently Asked Questions
What is the estimated investment for the 12 new industrial cities?
The estimated investment for the 12 new industrial cities is Rs 28,602 crore.
Where will the 12 new industrial cities be located?
The 12 new industrial cities will be located in Khurpia in Uttrakhand, 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.
What is the expected employment potential of the NICDP?
The 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.
What is the investment potential of the NICDP?
The NICDP is expected to create an investment potential of about Rs 1.52 lakh crore.
What is the aim of the NICDP?
The aim of the NICDP is to develop industrial corridors and cities that are equipped with world-class infrastructure and facilities, making them attractive to investors and industries.
Related News Articles
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora