The government is focusing on expanding manufacturing beyond major cities and into smaller towns by creating a conducive environment for investors. By leveraging the advantages of lower costs, fewer land-related issues, and a skilled workforce, the aim is to attract investments and stimulate economic activity in Tier II and Tier III towns. Secretary of the Department for Promotion of Industry and Internal Trade, Amardeep Singh Bhatia, emphasized the importance of states collaborating with the Centre to facilitate the establishment of industrial parks, streamline land acquisition processes, and provide necessary clearances to support this initiative.
The proposed plan to set up industrial parks near 100 cities aligns with the government's broader vision to enhance manufacturing capabilities and infrastructure across the country. The recent approval of 12 industrial smart cities is part of this strategy to act as hubs for industrial growth and attract investments, creating a ripple effect on economic development in these regions. Furthermore, the government aims to simplify business regulations by decriminalizing minor offenses through initiatives like the Jan Vishwas Bill 2.0, focusing on promoting ease of doing business and improving the overall business environment in the country.
In addition to setting up industrial smart cities and industrial parks, the government is emphasizing the importance of building an ecosystem that supports industrial development in smaller towns. By partnering with states and the private sector, the Centre aims to provide necessary infrastructure, streamline regulatory processes, and promote job creation in these regions. The focus is not only on attracting investments but also on fostering a conducive environment that encourages businesses to thrive and contribute to the country's economic growth.