NITI Aayog released a report “S.A.F.E. Accommodation - Worker Housing for manufacturing growth”. The report highlights the need for secure, affordable, flexible, and efficient housing for industrial workers to boost India's manufacturing sector. The Union Budget 2024-25 proposes rental housing with dormitory-style accommodations for workers under a Public-Private Partnership (PPP) model with Viability Gap Funding (VGF) and industry commitments. India aims to raise the manufacturing sector's GDP share from 17% to 25% by 2047, aligning with Make in India and Atmanirbhar Bharat goals. The S.A.F.E. initiative seeks to align regulations and finances for sustainable housing, boosting workforce stability, productivity, and global investments.
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