India’s government has allocated US$3.6bn (₹33,660 crore) to build 100 “plug-and-play” industrial parks across the country on pre-approved land connected to local roads to attract private investors.
Plots range from 100 to 1000 acres, with financial support equivalent to around $106,000 (₹1 crore) available per acre for in-park roads, utilities, storage and logistics and worker housing.
Additionally, the government will cover up to 25% of the cost of external infrastructure such as roads.
Sites will contain integrated green energy features and underground utility corridors for a “no-dig environment”.
The funding represents part of Atmanirbhar Bharat, also known as the Modi government’s “Self-Reliant India” policy, aiming to create independent capacity in manufacturing, defence, and medicine.
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The post India’s $3.6bn push to industrialise quickly appeared first on Global Construction Review.
