New Delhi, Feb. 13 -- Work is progressing quickly on the 12 new greenfield industrial cities approved by the Government of India in 2024, with major milestones reached in administration, funding, and construction planning.

The Ministry of Commerce & Industry confirmed that Special Purpose Vehicles (SPVs) have been formed for all 12 projects, and Engineering, Procurement, and Construction (EPC) contractors have already been appointed for nine of them.

According to the Ministry, "The present status of 12 new greenfield industrial cities/nodes approved in the year 2024" shows that the government has completed the incorporation of SPVs for every project. These cities include the Integrated Manufacturing Clusters (IMC) at Khurpia, Rajpura-Pa...