PM Modi to lay foundation for projects worth ₹1,571 crore in Puducherry on March 1
GS3Economy · S&T · Environment · Security· Infrastructure (energy, ports, roads, railways)· Prelims·
Why in news
Prime Minister Narendra Modi is set to lay the foundation for 74 projects worth ₹1,571 crore in Puducherry following the UT's inclusion in the Special Assistance to States for Capital Investment (SASCI) scheme.
Background
The Union government approved Puducherry's inclusion under the SASCI scheme to fund infrastructure improvements. Projects include urban roads, drainage networks, and a special economic zone featuring a pharma park, textile park, IT park, and an IIT Madras research centre.
Facts for Prelims
- SchemeSASCI: Special Assistance to States for Capital Investment scheme allows UTs/States to access funds for infrastructure.
- FactTotal project value in Puducherry: ₹1,571 crore.
- PlacePuducherry: Union Territory receiving infrastructure projects including a pharma park and textile park.
- BodyIIT Madras: Research centre to be established within the new special economic zone.
For Mains
Q. Discuss how targeted infrastructure investment and special assistance schemes can catalyze industrial diversification and economic growth in Union Territories.
Dimensions to cover in your answer
- Industrial synergy: Co-locating pharma, textile, and IT parks to create a multi-sectoral economic hub
- Fiscal federalism: Role of SASCI in bridging infrastructure gaps in Union Territories vs States
- Urban resilience: Integration of drainage and sewerage networks with Smart City tenements
Keywords: Infrastructure development · Capital investment · Special Economic Zone · Industrial diversification · Urban planning
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