+
Each of 12 smart cities to be a dedicated industrial hub
SMART CITIES

Each of 12 smart cities to be a dedicated industrial hub

The upcoming 12 smart cities will be developed as dedicated industrial hubs, each specific to a certain sector, officials said. While the one in Agra is proposed as a hub for electric vehicles and electronics system design and manufacturing (ESDM), Palakkad could focus on medicines and botanicals. The industrial smart city in Gaya is being developed to generate maximum employment by setting up food processing, light engineering and metal-related industries. Last month, the Union Cabinet approved setting up of 12 industrial smart cities with an overall investment of Rs 286 billion. "All cities will have specific and focused industrial hubs. The construction of these cities will take around three years," said an official, adding that contractors would be onboarded by March. These cities will span across 10 states such as Andhra Pradesh, Bihar, Kerala and Telangana and six major industrial corridors. They will function more like industrial cities, where residential and commercial setups would co-exist, have plug and play infrastructure with potable drinking water, 24 hours electricity and would be based on the 'walk-to-work' concept. In Maharashtra, while Bidkin is coming up as an auto hub, Dighi is being developed as a project that would lead to port-led industrialisation and industry-led urbanisation while promoting ecotourism. "Dighi and Krishnapatnam will be important for port-led industrialisation and industry-led urbanisation," said Rajat Kumar Saini, managing director, National Industrial Corridor Development Corporation, adding that all projects have been mapped with PM Gatishakti to aid ease of business. Hospitality is also identified as another sector in Gaya while hospitals are showing interest in Agra. These 12 cities have an investment potential of Rs 1.5 trillion and employment potential of 1 million direct jobs and up to 3 million indirect jobs. Japan, Singapore, Switzerland and Taiwan have shown interest in having dedicated industrial space in these cities. Officials said Switzerland has shown interest promoted by India-European Free Trade Association (EFTA), under which New Delhi has received an investment commitment of $100 billion over next 15 years. "Because of EFTA, these countries are interested in investing. They want local partners," the official said.

The upcoming 12 smart cities will be developed as dedicated industrial hubs, each specific to a certain sector, officials said. While the one in Agra is proposed as a hub for electric vehicles and electronics system design and manufacturing (ESDM), Palakkad could focus on medicines and botanicals. The industrial smart city in Gaya is being developed to generate maximum employment by setting up food processing, light engineering and metal-related industries. Last month, the Union Cabinet approved setting up of 12 industrial smart cities with an overall investment of Rs 286 billion. All cities will have specific and focused industrial hubs. The construction of these cities will take around three years, said an official, adding that contractors would be onboarded by March. These cities will span across 10 states such as Andhra Pradesh, Bihar, Kerala and Telangana and six major industrial corridors. They will function more like industrial cities, where residential and commercial setups would co-exist, have plug and play infrastructure with potable drinking water, 24 hours electricity and would be based on the 'walk-to-work' concept. In Maharashtra, while Bidkin is coming up as an auto hub, Dighi is being developed as a project that would lead to port-led industrialisation and industry-led urbanisation while promoting ecotourism. Dighi and Krishnapatnam will be important for port-led industrialisation and industry-led urbanisation, said Rajat Kumar Saini, managing director, National Industrial Corridor Development Corporation, adding that all projects have been mapped with PM Gatishakti to aid ease of business. Hospitality is also identified as another sector in Gaya while hospitals are showing interest in Agra. These 12 cities have an investment potential of Rs 1.5 trillion and employment potential of 1 million direct jobs and up to 3 million indirect jobs. Japan, Singapore, Switzerland and Taiwan have shown interest in having dedicated industrial space in these cities. Officials said Switzerland has shown interest promoted by India-European Free Trade Association (EFTA), under which New Delhi has received an investment commitment of $100 billion over next 15 years. Because of EFTA, these countries are interested in investing. They want local partners, the official said.

Next Story
Infrastructure Transport

Syama Prasad Mookerjee Port Partners to Redevelop Nimtala Ghat

Kolkata: Syama Prasad Mookerjee Port, Kolkata (SMPK), signed a Memorandum of Understanding (MoU) on Tuesday with PS Group Realty Private Limited to redevelop and beautify Nimtala Ghat as part of PS Group’s Corporate Social Responsibility (CSR) initiative.The agreement was formalised at SMPK’s Head Office at 15, Strand Road, in the presence of SMPK chairman Rathendra Raman, deputy chairman Samrat Rahi, PS Group directors Saurav Dugar, Gaurav Dugar, Arun Sancheti, and senior SMPK officials.Under the MoU, PS Group will undertake the full redevelopment and permitted construction of Nimtala Imm..

Next Story
Infrastructure Urban

CSIR-NCL and Covestro Collaborate to Upcycle Polyurethane Waste

In a move towards sustainable plastic waste management, Pune-based CSIR-National Chemical Laboratory (CSIR-NCL) signed a Memorandum of Understanding (MoU) with Covestro (India) Private Limited on Wednesday to develop innovative upcycling technologies for polyurethane waste.Polyurethane is notoriously difficult to recycle, with current methods often proving inefficient, costly, and environmentally harmful. This collaboration aims to address existing challenges, including high energy usage and deterioration of material quality during recycling.Ashish Lele, director of CSIR-NCL, stated, “This p..

Next Story
Infrastructure Urban

Torrent Pharma Seeks CCI Approval for Rs 195 Billion JB Chemicals Deal

Ahmedabad-based Torrent Pharmaceuticals has sought clearance from the Competition Commission of India (CCI) to acquire a majority stake in J B Chemicals and Pharmaceuticals in a Rs 195 billion deal.Upon completion, Torrent Pharmaceuticals will become India’s second most valuable pharmaceutical company.The move follows Torrent’s June announcement to acquire a majority stake in J B Chemicals for Rs 195 billion.“The proposed combination pertains to the acquisition of shareholding by Torrent Pharmaceuticals Ltd in J B Chemicals & Pharmaceuticals Ltd, followed by the merger of the target ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?