- India's Union Cabinet has approved the India Industrial Development Scheme.
- The objective of this scheme is to boost industrial development.
- A total allocation of approximately ₹33,660 crore has been made for this scheme.
- Under this initiative, there are plans to establish 100 'plug-and-play' industrial parks.
- These parks will provide ready-to-use infrastructure for industries.
- They are expected to enhance the country's manufacturing capacity.
- This initiative will foster overall economic growth.
- Ashwini Vaishnaw stated that these parks would be world-class in terms of quality.
- Each park will span an area ranging from 100 to 1,000 acres.
- The government will provide assistance of up to ₹1 crore per acre.
- The Cabinet has also approved a Minimum Support Price (MSP) fund exceeding ₹1,718 crore.
Tags:
Planning & Project
