NEW DELHI: The Union Cabinet on Wednesday took five big ticket decisions among which the government approved setting up of 12 industrial smart cities with an investment of Rs 28,500 crore under National Industrial Corridor Development Programme (NICDP). The move is set to generate employment of around 12 lakh direct jobs and 20 lakh indirect jobs.
"India is set to build world-class greenfield industrial smart cities with 'plug-n-play' and 'walk-to-work' concepts. These projects aim to create robust and sustainable infrastructure, fostering investments and promoting balanced regional development," said a press release by the Cabinet Committee on Economic Affairs (CCEA).
The smart cities will be developed ahead of demand and feature modern amenities designed to attract both domestic and international investments. The 'plug-n-play' concept implies that the necessary infrastructure will be readily available, making it easier for businesses to set up operations quickly. Meanwhile, the 'walk-to-work' concept emphasizes creating residential areas close to workplaces, thereby reducing commute times and enhancing the quality of life for residents.
(From: Times of India)