The new smart cities will position the country as a strong player in the global value chain, New Delhi has said
The Indian government on Wednesday approved the creation of 12 industrial smart cities with an investment of around 268 billion rupees ($3.2 billion). They will be built over the next three years across ten states in the country, and will act as catalysts to achieve $2 trillion in exports by 2030, New Delhi has said.
The hubs will be developed as greenfield smart cities, where residential and commercial setups will co-exist. They will be built according to the ‘plug and play’ concept, which ensures the presence of advanced infrastructure, manufacturing, and logistics ecosystem to allow efficient industrial operations to be set up.
The smart cities are part of the National Industrial Corridor Development Program (NICDP), through which New Delhi aims to develop futuristic industrial cities “which can compete with the best manufacturing…