City
Epaper

Centre speeds up industrial corridor projects worth Rs 8,175 crore

By IANS | Updated: June 27, 2024 20:05 IST

New Delhi, June 27 The Centre has given the finishing touches to four projects under the National Industrial ...

Open in App

New Delhi, June 27 The Centre has given the finishing touches to four projects under the National Industrial Corridor Development Corporation (NICDC) pertaining to the development of Integrated Manufacturing Clusters (IMCs) in Uttar Pradesh's Agra and Prayagraj, Hisar in Haryana and Gaya in Bihar with an estimated investment of Rs 8,175 crore, the Commerce and Industry Ministry said on Thursday.

The projects aim to develop state-of-the-art manufacturing hubs adhering to Industry 4.0 standards, including smart technologies, logistics, residential, and commercial facilities, along with educational and healthcare services.

The IMCs will cater to sectors such as E-Mobility, food processing, FMCG, leather and apparel.

The projects were taken up for evaluation at the 73rd meeting of the Network Planning Group under PM GatiShakti chaired by Additional Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Rajeev Singh Thakur on June 21.

During the meeting, all projects were evaluated for their integrated planning and conformity with the PM GatiShakti principles.

Emphasis was placed on the socio-economic benefits, improved connectivity, reduced transit costs and enhanced efficiency, the Ministry said.

These projects are expected to play a pivotal role in improving connectivity, enhancing logistics efficiency, and establishing advanced manufacturing ecosystems across India, poised to drive industrial growth, boost competitiveness, and contribute significantly to the nation's economic development goals.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

PunePune Crime: 70 Kg Silver Looted From Gurwar Peth Shop, Police Recover Half From Arrested Accused

BusinessMSP hikes for rabi crops show PM Modi always works in our interest: Farmers

NationalLalu Prasad Yadav is Bihar's 'Ravan': Giriraj Singh

NationalMadhya Pradesh HC denies bail to 'journalists' in SC/ST case

InternationalOver nine million people in Afghanistan face acute food insecurity: UN

Business Realted Stories

BusinessSeoul shares break 3,500 for 1st time on chip rally

BusinessLG Energy Solution to resume business trips to US following Georgia detention

BusinessIndia gets 249 applications under electronics component scheme: IT Ministry

BusinessIndia’s electronics component scheme attracts over Rs 1 lakh crore: Ashwini Vaishnaw

BusinessGST rate cuts to boost Uttar Pradesh's craft and industrial clusters