At 28.6k cr, govt to set up 12 industrial cities | India News – Times of India


NEW DELHI: In a bid to create plug-and-play infrastructure for industry to set up factories, the cabinet committee on economic affairs Wednesday cleared 12 new industrial cities with an investment of Rs 28,600 crore, with the largest one, spread over 6,000 acre, to come up near Dighi port in poll-bound Maharashtra.

At least three of these proposed cities are in states governed by NDA allies: Gaya in Bihar, and Orvakal & Kopparthy in Andhra.Another two are in BJP-governed UP (Agra, Prayagraj), besides in Uttarakhand (Khurpia), and Rajasthan (Jodhpur Pali Marwar).
Projects will create 10 lakh jobs, says Piyush Goyal
Among the opposition-governed states, Punjab (Rajpura Patiala), Kerala (Palakkad) and Telangana (Zaheerabad) have been allotted one project each. The 12th project was not named, with Union minister Ashwini Vaishnaw citing model code of conduct in force for assembly polls.
“These projects have potential to generate investment of over Rs 1.5 lakh crore. But the estimates are conservative,” said commerce and industry minister Piyush Goyal, adding that a little under 10 lakh jobs will be created. Though earlier projects have taken longer to develop, he said basic infrastructure in the new ones will be developed in three years given that states are ready with land and environmental clearances. “
Centre and state govt will set up a special purpose vehicle, with the states providing land, which is treated as its share of equity, and Union govt providing equivalent amount of cash.





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