From Aero Logistics To EV Production: New Industrial Cities Likely To Come Up In Eight States With Centre’s Approval

The union cabinet is likely to approve the creation of twelve industrial parks across several states, with an estimated investment of around Rs 25,000 crore, according to a Business Standard report.

These projects are expected to draw investments totalling Rs 1.5 trillion and enhance industrial growth and economic progress in these states.

The proposed 'industrial cities,' featuring residential and commercial areas, are part of a broader government strategy to attract foreign investment, boost domestic manufacturing, and generate employment opportunities.

The industrial hubs will focus on sectors including technical textiles, fabrication, electric vehicles, aero logistics, food processing, and tourism.

The development is planned to span three years, with major clearances and land acquisitions already completed to prevent delays.

These industrial cities will be located in Telangana, Andhra Pradesh, Bihar, Uttar Pradesh, Punjab, Uttarakhand, Kerala, and other regions, reflecting successful models like Greater Noida's integrated industrial township and Gujarat’s Dholera special investment region.

The anticipated approval follows Union Finance Minister Nirmala Sitharaman's budget speech last month, where she mentioned that these parks would be part of the National Industrial Corridor Development program.

Sitharaman stated, "Our government will facilitate the development of investment-ready ‘plug and play’ industrial parks with complete infrastructure in or near 100 cities, in collaboration with states and the private sector, by improving town planning schemes."