Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 11 2015 2015 (11) This

Setting up National Investment and Manufacturing Zones (NIMZs)

30-11-2015
  • Contents

Government has granted “in-principle” approval to a total of 20 National Investment and Manufacturing Zones (NIMZs). Of these, 12 NIMZs are located outside the Delhi-Mumbai Industrial Corridor (DMIC) region. These are:

(i) Nagpur in Maharashtra;

(ii) Tumkur in Karnataka;

(iii) Chittoor in Andhra Pradesh;

(iv) Prakasam in Andhra Pradesh;

(v) Medak in Telangana;

(vi) Kolar in Karnataka;

(vii) Bidar in Karnataka;

(viii) Gulbarga in Karnataka;

(ix) Jajpur in Odisha;

(x) Ramanathapuram in Tamil Nadu;

(xi) Auraiya in Uttar Pradesh; and

(xii) Jhanshi in Uttar Pradesh.

Out of these NIMZs, the Government has granted final approval to the NIMZ at Prakasam in Andhra Pradesh on 6th October, 2015

Under phase-I of the DMIC project, 8 Investment Regions have also been accorded ‘in-principle’ approval of Government for setting up as NIMZs as per guidelines approved by the Cabinet. These are:

 i. Ahmedabad-Dholera Investment Region, Gujarat

 ii. Shendra-Bidkin Industrial Park city near Aurangabad, Maharashtra

 iii. Manesar-Bawal Investment Region, Haryana

 iv. Khushkhera-Bhiwadi-Neemrana Investment Region, Rajasthan

 v. Pithampur-Dhar-Mhow Investment Region, Madhya Pradesh

 vi. Dadri-Noida-Ghaziabad Investment Region, Uttar Pradesh

 vii. Dighi Port Industrial Area, Maharashtra ; and

 viii. Jodhpur-Pali-Marwar Region in Rajasthan

 The Government of India has approved a fund of ₹ 17,500 crores as a Revolving Corpus for development of trunk infrastructure in the DMIC region. The Government of Japan has announced their financial support for DMIC project to an extent of US$ 4.5 billion in the first phase for projects with Japanese participation through a mix of Japan International Cooperation Agency (JICA) and Japan Bank for International Cooperation (JBIC) lending.

 Apart from twenty NIMZs which have been accorded “in-principle” approval and in which one has been accorded final approval, the Government has received three more proposals for setting up of NIMZ outside the Delhi-Mumbai Industrial Corridor region from Government of Gujarat (Two) and Government of Tamil Nadu (One). The concerned State Governments have been requested for further clarifications/ details about these proposals.

 This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

Quick Updates:Latest Updates