The government has approved the development of 12 industrial smart cities, key railway projects, and the expansion of the Agri Infrastructure Fund, aiming to boost job creation and economic growth.
In Short
- Government's nod to 12 industrial smart cities, to be built at cost of Rs 28,602 crore
- Projects to generate nearly 10 lakh direct jobs, 30 lakh indirect jobs
- Green light to major railway projects, expansion of agri infrastructure fund announced
The Union Cabinet has approved the development of 12 industrial smart cities across 10 states, with an estimated total cost of Rs 28,602 crore. The project is expected to attract investments worth Rs 1.52 lakh crore and generate around 9.39 lakh direct jobs, with the potential to create up to 30 lakh indirect jobs.
Making the announcement on Wednesday, Union Minister Ashwini Vaishnaw said that these projects will be implemented across six industrial corridors, including the Amritsar-Kolkata, Delhi-Mumbai, Vizag-Chennai, Hyderabad-Bengaluru, Hyderabad-Nagpur, and Chennai-Bengaluru Industrial Corridors.
(From: India Today)