India Approves $3.6 Billion Plan for 100 Industrial Parks to Boost Manufacturing
The Union Cabinet of India has approved an investment of $3.6 billion (₹336.60 billion) to develop 100 industrial parks, aiming to strengthen domestic manufacturing capabilities. The announcement was made by Ashwini Vaishnaw, highlighting the government’s focus on expanding industrial infrastructure.
The parks will be developed through joint ventures involving state governments and public sector entities, covering around 33,000 acres over the next six years. These industrial zones, ranging from 100 to 1,000 acres, will receive financial support for core and social infrastructure, ensuring readiness for manufacturing operations.
In addition to this push, the government also approved ₹117 billion for minimum support prices for cotton procurement for the 2023–24 season. The combined measures are expected to boost industrial growth, support farmers, and enhance India’s overall economic momentum.
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