Summary:

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved 12 new NICDP projects, ushering in a significant transformation in India. Valued at $3.41 billion, these initiatives will develop industrial smart cities in ten states, boosting industry and economic development. They aim to attract investment and contribute to the $2 trillion export target by 2030.

The NICDP is expected to generate 1 million direct and up to 3 million indirect jobs through greenfield smart cities with sustainable infrastructure. Aligned with the PM GatiShakti Master Plan, these cities seek to establish India as a major global value chain player. The initiative emphasizes sustainability, minimal environmental impact, and supports the goal of an 'Atmanirbhar Bharat,' with four projects completed and four underway.

Source: IBEF 

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