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ECONOMY

Cabinet Approves Creation of 12 New Industrial Areas

This approval is also backed with an investment of Rs 28,602 crore.

The Union Cabinet has approved the creation of 12 new industrial areas across the country to boost domestic manufacturing and also attract foreign direct investment (FDI). 

This approval is also backed with an investment of Rs 28,602 crore, which is projected to generate approximately 10 lakh direct jobs and around 30 lakh indirect jobs that will significantly contribute to India’s economic growth. 

The government is aiming to attract Rs 1.52 lakh crore in investments by developing industrial areas along key inter-city corridors. These nodes will focus on sectors like electronics, textiles, and fabricated metals. A notable feature is the “walk-to-work” concept, offering discounts to anchor investors. 

Key projects include the Khurpia industrial park in Uttarakhand, focusing on automotive and engineering with a ₹6,180 crore investment, and the Rajpura industrial park in Patiala, Punjab, concentrating on electronics and textiles with an investment potential of Rs 7,500 crore.

Four key projects currently under construction are situated in Tumakuru, Karnataka (heavy engineering, logistics, pharmaceuticals, electronics); Krishnapatnam, Andhra Pradesh (automotive, agro-processing, textiles); Nangal Chaudhary, Haryana (logistics hub); and Greater Noida, Uttar Pradesh (multi-modal logistics hub). 

These initiatives align with the National Industrial Corridor Development Programme, part of the Modi 3.0 government’s “plug-and-play” industrial parks strategy, which leverages successful models like those in Greater Noida and Dholera in collaboration with state governments and private sectors.

The proposed industrial parks are expected to be fully operational within the next three years as the government has already completed the land acquisition and several regulatory clearances to avoid delays.

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