Sops to Set up Units in NIMZs

Press Information Bureau

Government of India

Ministry of Commerce & Industry

12-December-2012 19:03 IST

The National Manufacturing Policy contains dispensations to facilitate manufacturing industry both in the National Investment and Manufacturing Zones (NIMZs) and for manufacturing industry in the country as a whole including wherever manufacturing units are able to organize themselves in clusters as stipulated in the policy. These dispensations include inter-alia an exit mechanism; subsidy for technology acquisition and production of green technology; token incentives for adoption of clean manufacturing practices; skill development initiatives by the private sector; finance for small and medium enterprises; and for creation of physical and institutional infrastructure.

The states have been requested to identify land banks for setting up of the National Investment and Manufacturing Zones. The Government has received proposals for setting up NIMZs from Governments of Maharashtra, Karnataka, and Andhra Pradesh.

This information was given by the Minister of State for Commerce & Industry Dr. S. Jagathrakshakan in written reply to a question in Rajya Sabha today.

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DS/RK