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Private Sector | Multi State - India | PID: 203458
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India is on the verge of a transformative leap in its industrial landscape with the recent approval of 12 new industrial nodes under the National Industrial Corridor Development Programme (NICDP). The initiative, approved by the Cabinet Committee on Economic Affairs, envisions a "grand necklace" of industrial smart cities along the backbone of the Golden Quadrilateral. With an investment of ?28,602 crore, these projects are set to redefine India's industrial geography by strengthening a vibrant ecosystem of large industries and MSMEs
Strategically being planned across 10 states along 6 major corridors, these projects represent a significant leap forward in India's quest to enhance its manufacturing capabilities and economic growth. It will spur economic growth in underdeveloped regions and reduce regional disparities by transforming these regions into industrial powerhouses. This integrated approach has a significant socio-economic impact by promoting inclusive growth and contributing to sustained economic development in the regions, accelerating investments from both large anchor industries and MSMEs, creating 10 lakh jobs directly and another 30 lakh indirectly.
| Updated on: 28 - Sep - 2024
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