IN A landmark decision, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) worth Rs 28,602 crore. The decision is expected to generate significant employment opportunities, with an estimated 1 million direct jobsand up to 3 million indirect jobs through planned industrialisation.

 

These industrial nodes will act as catalysts for achieving$2 trillion in exports by 2030, reflecting the Government’svision of a self-reliant and globally-competitive India. With this decision, the country is set wear a grand necklaceof industrial smart cities on thebackbone of ‘Golden Quadrilateral.’ 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 Prayagrajin Uttar Pradesh,GayainBihar, Zaheerabad in Telangana, Orvakal and Kopparthy in Andhra Pradesh and Jodhpur-Pali in Rajasthan. 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 thatNICDP isdesigned to fostera industrial ecosystem by facilitating investments from both large anchor industries and micro, enterprises. According to the Government, thenewindustrial cities will be developed as greenfield smart cities of global standards, built “ahead of demand” on the “plug-n-play” and“walk-towork” concepts.

 

 

THE Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved three projects of Ministry of Railways with a total estimated cost of Rs 6,456 crore and to be completed by up to 2028-29. The projects will also generate direct employment for about114lakh mandays during construction. The 3 projects cover seven districts in four States -- Odisha, Jharkhand, West Bengal and Chhattisgarh – and will increase the existing network of Indian Railways by about 300 kms. With these projects -- the result of PM-Gati Shakti National Master Plan formulti-modal connectivity -- 14 new stations will be constructed, providing enhancing connectivity to two aspirational districts .“New line projects will provide connectivity to approximately 1,300 villages and about 11 lakh population.Multi-tracking project will enhance connectivity to about 1,300 villages and nearly 19 lakh population,” the CCEA said.