Centre’s landmark decision: 12 projects worth Rs.28,602 cr approved to transform industrial landscape spanning across 10 states

Cabinet approves 12 new industrial corridor projects worth Rs.28,602 cr

In a pivotal move towards boosting India’s industrial landscape, the Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, has greenlit 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) on Wednesday. The approved projects represent a substantial investment of Rs.28,602 crore.

This landmark decision is anticipated to create around 1 million direct jobs and up to 3 million indirect employment opportunities, significantly bolstering economic growth through planned industrialization.

Spanning across 10 states and strategically planned along six major corridors, the industrial areas will be located in Khurpia in Uttarakhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerela, Agra and Prayagraj in Uttar Pradesh, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in Andhra Pradesh and Jodhpur-Pali in Rajasthan.

The development of these industrial nodes is poised to drive the country’s goal of achieving $2 trillion in exports by 2030, underscoring the government’s commitment to fostering a self-reliant and globally competitive India.

These new projects will form a crucial part of India’s industrial infrastructure, enhancing connectivity and economic integration. The development will effectively adorn the nation with a network of industrial smart cities, strategically positioned along the ‘Golden Quadrilateral,’ marking a significant step in India’s economic advancement and industrial prowess.

The move is set to transform the industrial landscape of the country, creating a robust network of industrial nodes and cities that will significantly boost economic growth and global competitiveness.

The CCEA said that NICDP is designed to foster a vibrant industrial ecosystem by facilitating investments from both large anchor industries and micro, small, and medium enterprises (MSMEs).

According to the government, the new industrial cities will be developed as greenfield smart cities of global standards, built “ahead of demand” on the “plug-n-play” and “walk-to-work” concepts.

Aligned with the PM GatiShakti National Master Plan, the projects will feature multi-modal connectivity infrastructure, ensuring seamless movement of people, goods, and services.

The approval of 12 new industrial nodes under the NICDP marks a significant milestone in India’s journey towards becoming a global manufacturing powerhouse.

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