Government Unveils 'Plug and Play' Industrial Parks Nationwide

The government announced the development of 'plug and play' industrial parks in or near 100 cities in collaboration with states and the private sector to boost manufacturing. These parks will feature complete infrastructure, aiming to attract investments by providing quality and sustainable environments for industries.

The government announced a major initiative on Tuesday to develop 'plug and play' industrial parks in or near 100 cities, collaborating with states and the private sector to enhance manufacturing capabilities.

Finance Minister Nirmala Sitharaman stated that these parks will be developed with the help of advanced town planning schemes.

'Our government will facilitate the development of investment-ready 'plug and play' industrial parks with comprehensive infrastructure in or near 100 cities, in partnership with the states and private sector,' she mentioned.

Typically, in such parks, the government establishes essential infrastructure and allocates land to industries. This initiative is aimed at stimulating investments by providing high-quality, reliable, sustainable, and resilient infrastructure for industries.

Commerce and Industry Minister Piyush Goyal, commenting on the announcement, noted that 12 parks would be developed initially.

'People are saying it is only Bihar and Andhra Pradesh. There are 12 industrial parks. They are all over the country. Often, you announce one or two as examples, but the details will come later. I will present these 12 industrial parks to the Cabinet,' Goyal informed reporters.

(With inputs from agencies.)