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
M3M India Set to Repay Rs 1300 Crore Indiabulls Loan for Panipat Project
M3M India is poised to repay a substantial Rs 1300 crore loan to Indiabulls, making the Group debt-free and significantly boosting investor confidence in the real estate sector.
South Mumbai's Resurgence as a Rental Hotspot Amid BKC's Steady Appeal
South Mumbai is experiencing a revival as a sought-after rental hotspot, drawing significant interest from tenants and investors. Despite this shift, the Bandra-Kurla Complex (BKC) continues to be a prime choice for high-end tenants and corporate entities
Pune Property Offices to Open on Gudi Padwa Weekend
All sub-registrars' offices in Pune will remain open during the Gudi Padwa weekend to facilitate property registration and other services.
Key Stocks to Watch: TCS, Wipro, Dalmia Bharat, Zydus Life, LIC Housing, Hindustan Zinc, and IRFC
Several prominent stocks, including TCS, Wipro, Dalmia Bharat, Zydus Life, LIC Housing, Hindustan Zinc, R Systems, Zaggle Prepaid, IRFC, and Route Mobile, are set to make significant moves in the market. Here’s a detailed look at what investors need to kn
What Homebuyers Should Know: Checking Legal Issues Before Buying an Apartment
To safeguard the interests of homebuyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued guidelines for real estate developers, emphasizing the importance of verifying legal documentation before finalizing a property purchase.
India's Booming Fractional Ownership Market: A $5 Billion Opportunity by 2030
Mumbai and Delhi NCR emerge as top hotspots for asset acquisition opportunities under the SM REIT umbrella