Key Features:
1. Infrastructure Development: Upgradation of existing roads, railways, ports, and airports, as well as development of new infrastructure projects.
2. Industrial Clusters: Establishment of specialized industrial zones, such as automotive, aerospace, electronics, and pharmaceuticals.
3. Investment Opportunities: Encouragement of domestic and international investments, with attractive policies and incentives.
4. Job Creation: Generation of employment opportunities in various sectors.
Benefits:
1. Economic Growth: Boosts economic development in the region, increasing GDP and per capita income.
2. Improved Connectivity: Enhances transportation networks, reducing logistics costs and increasing efficiency.
3. Increased Competitiveness: Supports the growth of industries, making them more competitive globally.
4. Diversified Economy: Fosters diversification of the regional economy, reducing dependence on a single sector.