Virudhnagar, Tamil Nadu – PM MITRA Park, a flagship initiative under the PM MITRA Scheme, has allocated 190.44 acres of industrial land to 23 investors, unlocking nearly ₹2,192.21 crore in committed investments. The move is projected to generate 15,000 direct jobs and strengthen the integrated textile value chain in the…
Tag: #IndustrialDevelopment
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Work Advances on 12 New Greenfield Industrial Cities
India’s ambitious plan to develop 12 new greenfield industrial cities has achieved significant progress, with Special Purpose Vehicles (SPVs) established for all projects, Engineering, Procurement, and Construction (EPC) contractors appointed for most, and environmental clearances secured for nearly all. The large-scale initiative aims to strengthen India’s manufacturing ecosystem, attract domestic…
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Bulk Drug Park Scheme Boosts India’s Pharma Manufacturing Push
India’s push to become self-reliant in pharmaceutical manufacturing has gained strong momentum under the Bulk Drug Park Scheme, a flagship initiative aimed at reducing dependence on imports of active pharmaceutical ingredients (APIs) and key starting materials. Approved by the Union Cabinet in March 2020, the scheme focuses on building world-class…
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India’s Manufacturing Boosted by Petrochemicals
The chemicals and petrochemicals sector continues to be a key driver of India’s industrial growth, contributing 8.1 per cent to the country’s overall manufacturing Gross Value Added (GVA) in FY 2024, according to the Economic Survey 2025–26 released by the Ministry of Finance. The sector’s strong backward linkages with petroleum…
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Uttar Pradesh Tops Deregulation 1.0 Rankings in Business Reforms
Uttar Pradesh has emerged as the top-performing state in India’s Deregulation 1.0 exercise, securing the first rank nationwide for comprehensive business reforms aimed at simplifying regulations, improving transparency, and attracting investments. The rankings, released by the central government, assess states on the implementation of 23 key reform priorities spanning land,…
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PM Modi Highlights Make in India & Maritime Growth
New Delhi: Prime Minister Shri Narendra Modi on October 24, 2025, highlighted India’s growing and resilient industrial base, emphasizing the impact of the ‘Make in India’ initiative and the modernization of ports along the strategic east-west trade corridor. Sharing an article by Union Minister Shri Sarbananda Sonowal, the Prime Minister…