Govt to set up 12 industrial smart cities in 10 states
Business Standard|August 29, 2024
PM-led CCEA earmarks ₹28,602 crore for projects
SHREYA NANDI & YASH KUMAR SINGHAL
Govt to set up 12 industrial smart cities in 10 states

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has greenlit the development of 12 industrial smart cities across six major industrial corridors in 10 states, with an estimated investment of ₹28,602 crore.

These projects are designed to attract substantial investments, with expectations of approximately ₹1.52 trillion from both large anchor industries and MSMEs (micro, small and medium enterprises).

This initiative is projected to generate 1 million direct and 3 million indirect jobs.

These smart industrial cities, part of the government's broader strategy to attract foreign investment, boost domestic manufacturing, and drive employment, will be strategically located in key regions, including Khurpia in Uttarakhand, 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 Andhra Pradesh, and Jodhpur-Pali in Rajasthan. The name of one city has not been revealed as the Model Code of Conduct is in force in poll-bound states.

The projects aim to set up robust infrastructure to drive "balanced" regional development. To be developed under the National Industrial Corridor Development Programme (NICDP), these industrial nodes will function more like industrial cities, where residential and commercial setups will co-exist.

この記事は Business Standard の August 29, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の August 29, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

BUSINESS STANDARDのその他の記事すべて表示
India's manufacturing under-performance: A new clue from 'multi-plants'
Business Standard

India's manufacturing under-performance: A new clue from 'multi-plants'

Perhaps the biggest failure of India's development and an equally big puzzle is why India has under-performed in labour-intensive manufacturing whether measured in terms of output, exports or employment.

time-read
4 分  |
October 08, 2024
Orders, input costs to keep cap goods on rails
Business Standard

Orders, input costs to keep cap goods on rails

Brokerages predict 12-22% revenue growth, 13-18% rise in Ebitda

time-read
2 分  |
October 08, 2024
Equity rally fuels fastest quarterly growth in MF assets in five years
Business Standard

Equity rally fuels fastest quarterly growth in MF assets in five years

Average AUM in Q2FY25 rises 12.3% sequentially to ₹66.2 trillion

time-read
2 分  |
October 08, 2024
Hero Motors withdraws papers for ₹900 cr IPO
Business Standard

Hero Motors withdraws papers for ₹900 cr IPO

Hero Motors, the auto components firm of the Hero Motors Company (HMC) Group, has withdrawn its documents for an initial public offering (IPO) worth 900 crore, an update Securities and with the Exchange Board of India (Sebi) showed on Monday.

time-read
1 min  |
October 08, 2024
FPIs squeeze mkts for a sixth day
Business Standard

FPIs squeeze mkts for a sixth day

Benchmarks S&P BSE Sensex and National Stock Exchange Nifty declined for the sixth consecutive session on Monday amid sustained selling by foreign portfolio investors (FPIs).

time-read
2 分  |
October 08, 2024
Economic agenda for Harvana's new govt
Business Standard

Economic agenda for Harvana's new govt

The state cannot take its outperformance for granted

time-read
4 分  |
October 08, 2024
2 Chinese killed in militant attack near Karachi airport
Business Standard

2 Chinese killed in militant attack near Karachi airport

Two Chinese nationals were killed and 17 people injured in a suicide attack by a Baloch insurgent group late at night that targeted a convoy of Chinese workers near Pakistan's busiest airport authorities said on Monday.

time-read
1 min  |
October 08, 2024
Business Standard

Hezbollah hits Haifa; Israel steps up bombings in south Lebanon

Hezbollah fired rockets at Israel's third largest city Haifa on Monday as Israeli forces looked poised to expand ground raids into south Lebanon on the first anniversary of the Gaza war, which has spread conflict across West Asia.

time-read
1 min  |
October 08, 2024
Barricaded Gaza becomes death trap
Business Standard

Barricaded Gaza becomes death trap

The war has challenged not just Israel, but also Arab neighbours, Western powers, and human rights defenders

time-read
2 分  |
October 08, 2024
Starmer forced into messy reset less than 100 days in
Business Standard

Starmer forced into messy reset less than 100 days in

In an attempt to end the turbulence engulfing Britain's first Labour administration in 14 years, the prime minister on Sunday moved his chief of staff Sue Gray out of her role following internal complaints about the political operation she ran at 10 Downing Street.

time-read
1 min  |
October 08, 2024