The Union Cabinet is anticipated to approve 12 new industrial parks in Bihar, Andhra Pradesh, and Punjab, with a total project cost of approximately Rs 25,000 crore, according to sources familiar with the matter.

These industrial parks are expected to attract investments totaling around Rs 1.5 trillion.

Designed to function as industrial cities, the parks will integrate residential and commercial facilities, creating a comprehensive industrial environment.

This initiative is part of the government's strategy to attract foreign investment, enhance domestic manufacturing capabilities, and stimulate job creation.

The Cabinet’s approval for these projects could be announced as early as this week.