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Establishment of NIMZs

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 Topics covered:

  1. Infrastructure: Energy, Ports, Roads, Airports, Railways, etc.
  2. Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

 

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.

 

Objective of Special Economic Zones –

To promote 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.

 

For the Financial Year 2016 – 2017, Rs. 3.35 crores has been earmarked under the ‘Scheme for Implementation of National Manufacturing Policy’ for ‘Master Planning of NIMZs’ and Technology Acquisition and Development Fund (TADF).

 

Source: PIB