November 9, 2024
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Cabinet approves setting up of 12 industrial smart cities; gives nod to 4 other major projects – Times of India


NEW DELHI: The Union Cabinet on Wednesday took five big ticket decisions among which the government approved setting up of 12 industrial smart cities with an investment of Rs 28,500 crore under National Industrial Corridor Development Programme (NICDP). The move is set to generate employment of around 12 lakh direct jobs and 20 lakh indirect jobs.”India is set to build world-class greenfield industrial smart cities with ‘plug-n-play’ and ‘walk-to-work’ concepts.These projects aim to create robust and sustainable infrastructure, fostering investments and promoting balanced regional development,” said a press release by the Cabinet Committee on Economic Affairs (CCEA).The smart cities will be developed ahead of demand and feature modern amenities designed to attract both domestic and international investments. The ‘plug-n-play’ concept implies that the necessary infrastructure will be readily available, making it easier for businesses to set up operations quickly. Meanwhile, the ‘walk-to-work’ concept emphasizes creating residential areas close to workplaces, thereby reducing commute times and enhancing the quality of life for residents.Full list of industrial cities planned:First: Khurpia in UttarakhandSecond: Rajpura, Patiala in PunjabThird: Agra in Uttar Pradesh will have clean and environment friendly industrial developmentFourth: Prayagraj in UPFifth: Gaya in Bihar will focus on agro, textile and engineeringSixth: Eighi Port Industrial Area in Maharashtra. There will be focus on port-led industrialisationSeventh: Jodhpur, Pali in Rajasthan.Eighth: Koparthy in Andhra PradeshNinth: Orvakal in Andhra PradeshTenth: Zaheerabad in TelanganaEleventh: Palakkad in KeralaTwelvth: Jamshedpur-Purulia-Asansol

Cabinet Briefing by Union Minister Ashwini Vaishnaw

To drive investmentsDesigned to foster a vibrant industrial ecosystem, these projects aim to achieve $2 trillion in exports by 2030. NICDP is an initiative that seeks to attract investments from both large anchor industries and Micro, Small, and Medium Enterprises (MSMEs). These industrial nodes will act as catalysts for boosting exports, thereby reinforcing India’s position in the Global Value Chains (GVC). By providing developed land parcels ready for immediate allotment, the projects facilitate easier setup of manufacturing units for both domestic and international investors.Modern infrastructureThe newly approved industrial cities will be developed as greenfield smart cities of global standards, employing the ‘plug-n-play’ and ‘walk-to-work’ concepts. This ensures that the infrastructure is built ‘ahead of demand’, supporting sustainable and efficient industrial operations. The government’s approach ensures these cities will be equipped with advanced infrastructure that supports the seamless movement of people, goods, and services.Generate employmentThe projects will create advanced greenfield smart cities featuring modern infrastructure and multi-modal connectivity, aligned with the PM GatiShakti National Master Plan, and are expected to generate around 1 million direct and up to 3 million indirect jobs.Sustainable developmentThe projects incorporate ICT-enabled utilities and green technologies to minimize environmental impact. The aim is to provide quality, reliable, and sustainable infrastructure, creating industrial cities that exemplify environmental stewardship.The approval of these 12 new industrial nodes marks a significant milestone in India’s industrial development. The projects underscore the government’s commitment to transforming India’s industrial sector and fostering a vibrant, sustainable, and inclusive economic environment.

Expansion of Agricultural Infrastructure Fund schemeThe Union Cabinet, led by Prime Minister Narendra Modi, announced new measures to expand the Agricultural Infrastructure Fund (AIF) scheme. This aims to widen the scope of eligible projects and integrate additional supportive measures for agricultural infrastructure.These changes are designed “to foster a robust agricultural infrastructure ecosystem.” The AIF scheme’s expansion is part of ongoing efforts to strengthen agricultural infrastructure.The announcement signals a strategic move to bolster agricultural development and infrastructure, ensuring that the sector remains a vital part of the economy. The expanded scope of the AIF will likely support a variety of new projects, enhancing the overall agricultural framework.

Cabinet approves three mega railway projects

CCEA approved three major railway projects totaling approximately Rs 6,456 crore. These initiatives will be implemented across Odisha, Jharkhand, West Bengal, and Chhattisgarh, creating nearly 300 kilometers of new railway infrastructure to enhance seamless connectivity.The approved projects include two new railway lines and one multi-tracking project. This expansion will cover seven districts and aligns with the PM-Gati Shakti National Master Plan, focusing on integrated multi-modal connectivity.The projects aim to facilitate the seamless movement of people, goods, and services.

Cabinet approves expansion of private FM Radio to 234 new citiesThe Cabinet also approved the expansion of private FM radio services to 234 new cities across India. This move is part of the 3rd batch of ascending e-auctions under the Private FM Radio Phase III Policy, offering 730 new channels.The estimated reserve price for these channels is setFM radio at Rs 784.87 crore. In addition, the Cabinet has approved a new Annual License Fee (ALF) for these FM channels, which will be 4% of their Gross Revenue, excluding Goods and Services Tax (GST). This fee structure will apply to the FM channels introduced in these 234 new cities.

Centre approves Rs 4,136 crore in aid for hydro-projects in North EastThe Union Cabinet gave green light to the ministry of power’s proposal to provide Central Financial Assistance (CFA) to the state governments of the North Eastern Region (NER). This assistance will support their equity participation in the development of Hydro Electric Projects in the NER through Joint Venture (JV) collaboration between state entities and central public sector undertakings. According to the press release, the scheme, with an outlay of Rs 4136 crore, will be implemented from FY 2024-25 to FY 2031-32. It aims to support a cumulative hydro capacity of approximately 15000 MW. The ministry of power will fund the scheme through 10% Gross Budgetary Support (GBS) for the North Eastern Region from its total outlay.

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