Last updated:
Union Minister Ashwini Vaishnaw (PTI File Photo)
After the Cabinet meeting, Union Minister Ashwini Vaishnaw said that the Union Cabinet has approved 12 new project proposals under the National Industrial Corridor Development Program (NICDP) with an estimated investment of Rs 28,602 crore.
The Union Cabinet on Wednesday approved 12 new industrial cities in 10 states to boost domestic manufacturing with an estimated investment of Rs 28,602 crore.
Spanning 10 states and strategically planned along 6 major corridors, these projects represent a major leap forward in India's drive to increase manufacturing capabilities and economic growth.
These industrial areas will be located at Khurpia in Uttarkhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerala, Agra and Prayagraj in Uttar Pradesh, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in AP and Jodhpur-Pali Rajasthan.
The Union Cabinet has approved 12 new project proposals under the National Industrial Corridor Development Program (NICDP) with an estimated investment of Rs 28,602 crore, Union Minister Ashwini Vaishnaw said after the Cabinet meeting.
The move will transform the country's industrial landscape, creating a strong network of industrial nodes and cities that will significantly boost economic growth and global competitiveness.
They will be developed into new smart cities with global standards.
This approach ensures that cities are equipped with advanced infrastructure to support sustainable and efficient industrial operations.
The NICDP is expected to create a large number of employment opportunities, with 1 million direct jobs and up to 3 million indirect jobs expected to be created through planned industrialization.
These projects will create an investment potential of approximately Rs 152 crore.
(This report has not been edited by News18 staff and is published from associated news agency – PTI)
