As per the central government document, the mega project will ensure a total investment potential of Rs 8,729 crore and will provide employment to 51,000 people.
Palakkad : In a landmark decision that comes as a major boost to the state economy, the Union Cabinet approved a project to establish an Industrial Smart City at Pudussery in Palakkad district.
The Industrial Smart City project will be established on a 1,710-acre site at an investment of Rs 3,806 crore.
“India to soon have a grand necklace of Industrial Smart Cities on the backbone of Golden Quadrilateral as Cabinet approves 12 World-class greenfield Industrial Smart Cities under National Industrial Corridor Development Programme,” DG PIB posted on X, soon after the Cabinet meeting.
As per the central government document, the mega project will ensure a total investment potential of Rs 8,729 crore and will provide employment to 51,000 people.
The project has been proposed as part of the 12 Industrial Smart Cities which are being established as part of the National Industrial Corridor Development Programme
The focus in manufacturing sectors for Palakkad Industrial Smart City are Medicinal Chemicals and Botanical Products, Non-Metallic Mineral Products, Rubber and Plastic Products, Hitech Industry, Fabricated Metal Products and Machinery and Equipment.
The project site is located close to the Kochi – Selam National Highway and will be the only industrial area to promote medicinal chemicals and botanical products.
The other Industrial Smart Cities will come up at Khurpia in Uttarakhand, Patiala in Punjab, Agra in Uttar Pradesh, Prayagraj in Uttar Pradesh, Gaya in Bihar, Dighi Port Industrial Area of Maharashtra, Jodhpur Pali Marwar in Rajasthan, Kopparthy in Andhra Pradesh, Orvakal in Andhra Pradesh and Zaheerabad in Telangana.
The 12 projects will be developed at an investment of Rs 28,602 crore and will have an investment potential of Rs 1.5 lakh crore. The projects will provide employment to 1 million people directly and will create 3 million indirect jobs.
(From: News Nine)