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Centre apprises Parliament status of 12 industrial smart city projects
The Business Guardian
|December 08, 2024
The government has approved 12 new industrial smart city projects in August with a total project cost of Rs 28,602 crore (including land cost) for development of trunk infrastructure packages, Union Minister of Commerce and Industry Piyush Goyal in a written reply in the Rajya Sabha said Friday.
As per the approved institutional and financial framework of Industrial Corridor Programme, State Govt provides land and Government of India through National Industrial Corridor Development and Implementation Trust (NICDIT) provides the equity for development of internal trunk infrastructure components. The tentative construction timelines of trunk infrastructure are 36-48 months from the actual date of appointment of EPC Contractor. Each industrial city/area/node under
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