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Home Economy

National Manufacturing Zone

May 28, 2020
in Economy
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The National Investment & Manufacturing Zones (NIMZs) are means of the National manufacturing policy.

The NIMZs are envisaged as integrated industrial townships with:

  • State of the art infrastructure.
  • Land use on the basis of zoning.
  • Clean and energy efficient technology.
  • Necessary social infrastructure.
  • Skill development facilities etc.

Aim:

NIMZs aim to provide a productive environment for persons transitioning from the primary to the secondary And Tertiary sectors.

What is National Manufacturing Policy (NMP)?

  • The National Manufacturing Policy (NMP) has the objective of enhancing the share of manufacturing in GDP to 25% and creating 100 million jobs over a decade.

  • The NMP provides for promotion of clusters and aggregation, especially through the creation of national investment and manufacturing zones (NIMZ).

Facts about NIMZ:

  • NIMZ can be proposed with a land area of at least 5000 hectares.
  • Land will be selected by state governments and preference would be given to uncultivable land.
  • NIMZ will be managed by a Special Purpose Vehicle, headed by. Govt. officials and experts, including those of the environment.
  • To enable NIMZs to function as self-governing autonomous bodies, they will be declared by the state government as industrial townships under Article 243 Q (c) of the constitution.
  • NIMZs will be notified by the central government.

 

Tags: Prelims

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