Home » Commerce and Industry » Establishment of NIMZs 

Establishment of NIMZs 

National Investment & Manufacturing Zones (NIMZs) are one of the important instruments of National Manufacturing Policy, 2011.  NIMZs are envisaged as large areas of developed land with the requisite eco-system for promoting world class manufacturing activity. So far, three NIMZs namely Prakasam (Andhra Pradesh), Sangareddy (Telangana) and Kalinganagar (Odisha) have been accorded final approval and 13 NIMZs have been accorded in-principle approval. Besides these, eight Investment Regions along the Delhi Mumbai Industrial Corridor (DMIC) project have also been declared as NIMZs.

The main objective of Special Economic Zones is promotion of exports, while NIMZs are based on the principle of industrial growth in partnership with States and focuses on manufacturing growth and employment generation. NIMZs are different from SEZs in terms of size, level of infrastructure planning, governance structures related to regulatory procedures, and exit policies.

This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Lok Sabha.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Steps to facilitate the reduction of Steel imports

Government has taken following steps to facilitate the reduction of Steel imports,:- (i)         Steel Import ...

Banking facilities in rural areas

To ensure availability of banking outlet (Bank branch/Business Correspondent (BC), within 5 kilometers of all ...

Production of Sail

Steel Authority of India Limited (SAIL) had undertaken Modernization and Expansion of its five Integrated ...

Capping of Rs 2 Crore for MEIS will not affect 98% of the exporters: Shri Goyal

Union Minister of Commerce and Industry Shri Piyush Goyal today met the Office-bearers of various ...

First ever Virtual Buyer Seller Meet for loose diamonds commences

Shri Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry, Government of India inaugurated first ...

In the auto sector, we should move towards global dominance: Shri Piyush Goyal

Union Minister of Commerce & Industry and Railways Shri Piyush Goyal  has said that in the ...

Shri Piyush Goyal says that New-age entrepreneurs are going to change the fortune of India

Union Minister of Commerce and Industry & Railways Shri Piyush Goyal has said that New ...

Index of Eight Core Industries (BASE: 2011-12=100) for JULY, 2020

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing ...

17TH ASEAN-India Economic Ministers’ Consultations held

Shri Piyush Goyal, Minister of Commerce and Industry & Railways and H.E. Tran Tuan Anh, ...

India’s Foreign Trade: July2020

India’s overall exports (Merchandise and Services combined) in April-July2020-21* are estimated to be USD 141.82 ...

WP2Social Auto Publish Powered By : XYZScripts.com