Cabinet meeting decisions today: Industrial Smart Cities - Spanning across 10 states and strategically planned along 6 major corridors, these projects represent a significant leap forward in India's quest to enhance its manufacturing capabilities and economic growth - the government said on Wednesday.
Cabinet meeting decisions today: The Union Cabinet headed by Prime Minister Narendra Modi , on Wednesday, approved 'a grand necklace of' Industrial Smart Cities . The Cabinet approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs. 28,602 crore.
The Centre is hopeful that the development of these cities will transform India into a global manufacturing powerhouse.
Cabinet decisions today: Key takeaways on the smart cities project
Strategic Investments: These industrial nodes will act as catalysts for achieving $2 trillion in exports by 2030.
Smart Cities and Modern Infrastructure: The cities will be equipped with advanced infrastructure that supports sustainable and efficient industrial operations.
Area Approach on PM GatiShakti: Aligned with the PM GatiShakti National Master Plan, the projects will feature multi-modal connectivity infrastructure, ensuring seamless movement of people, goods, and services.
Vision for a 'Viksit Bharat': The approval of these projects is a step forward in realizing the vision of ‘Viksit Bharat’ - a developed India. By positioning India as a strong player in the Global Value Chains (GVC), the NICDP will provide developed land parcels ready for immediate allotment, making it easier for domestic and international investors to set up manufacturing units in India - the government said in a statement on the PIB.
Economic Impact and Employment Generation: NICDP is expected to generate significant employment opportunities, with an estimated 1 million direct jobs and upto 3 million indirect jobs being created through planned industrialization.
(From: ET Now)