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of <h1>India Approves 12 New Smart Cities with Rs. 28,602 Crore Investment for Industrial Growth and Infrastructure Development.</h1> The Government of India has approved 12 new industrial smart city projects with a total cost of Rs. 28,602 crore for developing trunk infrastructure. These projects are part of the National Industrial Corridor Programme, with land provided by State Governments and equity by the National Industrial Corridor Development and Implementation Trust. Construction timelines are 36-48 months post contractor appointment. Various corridors like Delhi Mumbai, Chennai Bengaluru, and others are included, each managed by a Special Purpose Vehicle. Focus sectors vary by city, including heavy engineering, electronics, and biotech, with potential for private sector and international funding involvement.
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