On Wednesday, the Union Cabinet approved the development of 12 new industrial smart cities across various states, with a total investment of Rs 28,602 crore. This initiative aims to enhance domestic manufacturing capabilities and boost economic growth. Union Minister Ashwini Vaishnaw highlighted that these cities will align with India’s vision of becoming a developed nation and will play a crucial role in transforming the industrial landscape of the country.
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- The Union Cabinet has approved the establishment of 12 new industrial smart cities.
- The total investment for these projects is Rs 28,602 crore.
- Two of the new smart cities will be located in Andhra Pradesh, and one in Bihar.
- The initiative is part of a broader plan to develop ‘plug and play’ industrial parks in or near 100 cities.
- The smart cities are designed to align with the vision of ‘Viksit Bharat’ and are integrated into the Golden Quadrilateral network.
- The projects are expected to generate 10 lakh direct jobs and up to 30 lakh indirect jobs.
- The estimated investment potential for these cities is Rs 1.5 lakh crore.
- The cities will be built following PM GatiShakti principles, incorporating ‘plug-n-play’ and ‘walk-to-work’ concepts.
- Robust infrastructure will drive investments and support balanced regional development.
- With eight cities already in development, the total number of industrial smart cities will rise to 20, contributing to increased manufacturing GDP share and job creation.
