On Wednesday, August 28, the Cabinet Committee on Economic Affairs (CCEA) approved several infrastructure projects, including 12 new industrial zones and three rail projects. These projects will connect key industrial locations with an estimated investment of 35,000 INR-Crore.
The Cabinet approved an estimated outlay of 28,602 INR-Crore for the 12 industrial zones/parks. The new smart industrial cities will extend existing corridors and draw investments of over 1.5 INR-Trillion. These investments are expected to generate a million direct jobs. Moreover, the projects will form a ‘necklace of industrial cities’ across 10 states and six major corridors along the Golden Quadrilateral. It will feature ‘plug-and-play’ infrastructure with potable water and 24-hour electricity.
Also Read: India’s Industrial Landscape in FY 2023-24: A Zone-wise Analysis – Part 1 of 4
These industrial zones will be located in the following areas:
- Khurpia, Uttarakhand
- Rajpura-Patiala, Punjab
- Dighi, Maharashtra
- Palakkad, Kerala
- Agra and Prayagraj, Uttar Pradesh
- Gaya, Bihar
- Zaheerabad, Telangana
- Orvakal and Kopparthy, Andhra Pradesh
- Jodhpur-Pali, Rajasthan
These new greenfield industrial cities will ensure they are equipped with advanced infrastructure promoting sustainable and efficient industrial operations.
Also Read: Economic Survey FY 2023-24: Unveiling Industrial Sector Achievements & Future Projections
Additionally, the Cabinet approved a proposal for the third batch of e-auctions under the Private FM Radio Phase III Policy. This round will cover 730 channels in 234 new cities, with an estimated reserve price of 784.87 INR-Crore.
The proposal to provide Central Financial Assistance to state governments in the North Eastern Region will help to participate in hydro-electric projects. Furthermore, these projects will be developed through joint ventures between state entities and central public sector undertakings. The scheme has an outlay of around 4,136 INR-Crore and will run from FY 2024-25 to FY 2031-32. It aims to support a cumulative hydro capacity of around 15,000 MW.
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