Agra, Gaya and ten other cities to be developed as industrial nodes, cabinet approves ₹28,602 crore. Full list here

Union Minister Ashwini Vaishnaw said that the Cabinet, chaired by Prime Minister Narendra Modi, approved 12 industrial smart cities across India on Wednesday, August 28.

Written By Anubhav Mukherjee
Published28 Aug 2024, 04:12 PM IST
Cabinet gives nod for 12 industrial smart cities covering 10 states with  <span class='webrupee'>₹</span>28,602 crore investment
Cabinet gives nod for 12 industrial smart cities covering 10 states with ₹28,602 crore investment(ANI)

Union Minister Ashwini Vaishnaw said on Wednesday, August 28, that the Cabinet, chaired by Prime Minister Narendra Modi, approved 12 industrial smart cities across India under the National Industrial Corridor Development Programme (NIDCP). The government will invest 28,602 crore in this project, reported news agency ANI.

“Cabinet today approved 12 Industrial Smart Cities under the National Industrial Corridor Development Programme. The government will invest 28,602 crore for this project,” Vaishnaw.

Also Read | Govt may relax export ban on non-basmati white rice amid surplus: Pralhad Joshi

The new projects will be part of the National Industrial Corridor Development Programme (NIDCP), which covers 10 states and strategically covers 6 major corridors, the report said.

The industrial areas will be located in Khurpia in Uttrakhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerela, Agra and Prayagraj in UP, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in AP and Jodhpur-Pali in Rajasthan.

The report estimates the investment potential from these areas is at 1.5 lakh crore with 10 lakh direct and 30 lakh indirect employment potential.

Also Read | Shivaji statue collapse: MVA’s protest march in Mumbai on Sept 1, says Thackeray

“India to soon have a grand necklace of Industrial Smart Cities on the backbone of Golden Quadrilateral as Cabinet approves 12 World-class greenfield Industrial Smart Cities under National Industrial Corridor Development Programme,” said Director General of the Press Information Bureau after the meeting on the social media platform X.

Also Read | UP Social media policy: Yogi Adityanath govt to pay influencers up to ₹8 lakh

The new projects are poised to build India's industrial landscape and drive the nation's economic growth for the coming years. These cities under the National Industrial Corridor Development Programme (NIDCP) are in line with India's vision of a Viksit Bharat, which is to provide global value chains with ready-to-allot land for investors, according to the report.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:28 Aug 2024, 04:12 PM IST
Business NewsNewsIndiaAgra, Gaya and ten other cities to be developed as industrial nodes, cabinet approves ₹28,602 crore. Full list here

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Bharat Electronics share price

    283.95
    03:58 PM | 1 OCT 2024
    -1.1 (-0.39%)

    Tata Steel share price

    167.00
    03:56 PM | 1 OCT 2024
    -1.45 (-0.86%)

    Tata Power share price

    481.00
    03:58 PM | 1 OCT 2024
    -1.7 (-0.35%)

    Zee Entertainment Enterprises share price

    140.05
    03:55 PM | 1 OCT 2024
    2.4 (1.74%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Caplin Point Laboratories share price

    2,080.30
    03:52 PM | 1 OCT 2024
    182.75 (9.63%)

    PB Fintech share price

    1,729.65
    03:57 PM | 1 OCT 2024
    113.65 (7.03%)

    Welspun Living share price

    175.00
    03:50 PM | 1 OCT 2024
    11.25 (6.87%)

    National Aluminium Company share price

    224.15
    03:56 PM | 1 OCT 2024
    13.75 (6.54%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,245.000.00
      Chennai
      77,251.000.00
      Delhi
      77,403.000.00
      Kolkata
      77,255.000.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L-0.10
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts