The cabinet of India has approved funding to develop 100 new industrial parks nationwide.
The government will spend about 336.60 billion rupees, equivalent to $3.63 billion, on the initiative.
Information Minister Ashwini Vaishnaw announced the decision on Wednesday.
He said the programme aims to strengthen India’s domestic manufacturing sector.
The industrial parks are expected to support large-scale production and attract investment into manufacturing industries.
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Officials say the initiative will help improve infrastructure for factories and industrial development.
The plan also aims to create employment opportunities and strengthen supply chains within the country.
India has been increasing efforts to expand local manufacturing capacity and reduce dependence on imports.
Authorities say the industrial parks will support economic growth and encourage new businesses.
The initiative forms part of broader government policies promoting industrial development and economic competitiveness.
