CCEA approves three infra projects worth Rs 7,725 cr
The Cabinet Committee on Economic Affairs (CCEA) approved three infrastructure proposals worth Rs 7,725 crore to support setting up greenfield industrial cities (GICs) with connectivity to major transportation corridors such as the eastern and western dedicated freight corridors, national highways, and expressways.
The three projects proposed by the Department of Promotion of Industry & Internal trade include:
- Multi-Modal Logistics Hub (MMLH) and Multi-Modal Transport Hub (MMTH) at Greater Noida in Uttar Pradesh at an estimated cost of Rs 3,883.8 crore.
- Construction of various trunk infrastructure components for the Krishnapatnam industrial area in Andhra Pradesh at an estimated cost of Rs 2,139 crore;
- Construction of Tumakuru industrial area in Karnataka at an estimated cost of Rs 1,701.81 crore.
The Industrial Corridor Programme aims to create greenfield industrial cities with sustainable plug-and-play, ICT-enabled utilities to facilitate manufacturing investments. The developed land parcels in these cities will be ready for immediate allotment to attract manufacturing investments and establish India as a strong player in the global value chain.
The government claims that the first phase development completion of the Krishnapatnam industrial area to generate 98,000 employment opportunities, with 58,000 on-site; Tumakuru industrial area 88,500 with 17,700 persons to be available from service industries such as retail, offices, and other commercial opportunities in the initial development phase; and the Greater Noida projects employment for 1,00,000 persons by 2040.