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This is an archive article published on August 28, 2024

Cabinet approves setting up of 12 industrial smart cities across 10 states

Addressing media persons, Union Minister Ashwini Vaishnaw said the project will create an investment potential of about Rs 1.52 lakh crore.

smart citiesUnion Minister Ashwini Vaishnaw (File)

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday approved setting up of 12 industrial smart cities under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs. 28,602 crore.

The project spans across 10 states and is strategically planned along six major corridors. These industrial areas will be located in Khurpia in Uttrakhand, 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.

Addressing media persons, Union Minister Ashwini Vaishnaw said the project will create an investment potential of about Rs 1.52 lakh crore.

World-class greenfield industrial smart cities will be built ahead of demand with ‘plug-n-play’ and ‘walk-to-work’ concepts, the government said in a statement.

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.

“Aligning with the vision of Viksit Bharat, these projects will cement India’s role in Global Value Chains with ready-to-allot land for investors,” the PIB release said.

Key Highlights:

📌 Strategic investments: NICDP is designed to foster a vibrant industrial ecosystem by facilitating investments from both large anchor industries and Micro, Small, and Medium Enterprises (MSMEs). These industrial nodes will act as catalysts for achieving $2 trillion in exports by 2030, reflecting the government’s vision of a self-reliant and globally competitive India.

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📌 Smart cities and modern infrastructure: 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. This approach ensures that the cities are 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. The industrial cities are envisioned to be growth centers for transformation of whole region.

📌 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. This aligns with the broader objective of creating an ‘Atmanirbhar Bharat’ or a self-reliant India, fostering economic growth through enhanced industrial output and employment.

📌 Economic impact and employment generation: NICDP is expected to generate significant employment opportunities, with an estimated 1 million direct jobs and up to 3 million indirect jobs being created through planned industrialization. This will not only provide livelihood opportunities but also contribute to the socio-economic upliftment of the regions where these projects are being implemented.

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📌 Commitment to sustainable development: The projects under the NICDP are designed with a focus on sustainability, incorporating ICT-enabled utilities and green technologies to minimize environmental impact. By providing quality, reliable, and sustainable infrastructure, the government aims to create industrial cities that are not just hubs of economic activity but also models of environmental stewardship.

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