The government's industrial parks policy, cleared by the Cabinet this week, is one of the most ambitious efforts to create business-friendly zones since the Special Economic Zones (SEZ) Act of 2005. The ₹28,600 crore package to set up 12 such enclaves is intended to create what Commerce and Industry Minister Piyush Goyal called a "golden quadrilateral” of industrial parks, invoking Atal Bihari Vajpayee's successful road-building project.
The plan is to work with state governments and the private sector to set up "plug-and-play" integrated smart industrial cities with residential and commercial zones. The target is to attract investment of 1.5 trillion. The contribution from states will come in the form of land and the Centre will provide equity or debt, depending on the case. Some industrial townships will be developed with other countries that have expressed an interest in such arrangements. The overall intention of the government cannot be faulted.
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Denne historien er fra August 30, 2024-utgaven av Business Standard.
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White-collar hiring up 9% in Dec: Report
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UNDER THE PUMP
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Best Dec for IPOs since 1996
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