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Business News›News›India›Cabinet clears ₹1,264 cr rail project connecting Andhra, Karnataka, ₹3,030 cr BHAVYA Rasayan Scheme
Cabinet clears ₹1,264 cr rail project connecting Andhra, Karnataka, ₹3,030 cr BHAVYA Rasayan Scheme
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved two major initiatives worth a combined ₹4,294 crore. A ₹1,264-crore project will add third and fourth railway lines across a 46-km Ballari-Guntakal corridor, boosting freight capacity and connectivity between Karnataka and Andhra Pradesh. The Cabinet has also approved the ₹3,030-crore BHAVYA-Rasayan Scheme to establish three dedicated chemical parks, with central support for common infrastructure and utilities. The projects aim to strengthen logistics, industrial growth and domestic manufacturing.
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