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News updated at 4:04 PM IST

Govt notifies 10 national mega industrial zones

New Delhi, Dec 16, 2012, PTI: 21:22 IST

The government on Saturday said it has notified 10 mega industrial zones in different states, a move aimed at boosting the country’s manufacturing sector.

“We have notified 10 NMIZs (National Manufacturing Investment Zones), which are mega integrated townships with world class infrastructure. The biggest one is of the order of 900 sq kms in Dholera, Gujarat,” Commerce and Industry Ministry Anand Sharma said here at a CII function.

He said the government is taking several steps to increase the share of the manufacturing sector in the GDP to at least 25 per cent by 2020 from the present 16 per cent.

In this regard, a National Manufacturing Policy (NMP) was announced, which provides for NMIZs - mega industrial zones with world class supporting infrastructure.

The government is offering a host of incentives like exemption from capital gains tax and liberalised labour and environmental norms to promote these zones. The NMP proposes to create 100 million jobs by 2020.

“The implementation process is on for these zones. Master plan for seven have been completed. It would also have skill training institutes,” Sharma said. These zones are notified in states like Gujarat, Maharashtra and Rajasthan.

In order to generate employment for millions of people, there is a need to boost the country’s manufacturing sector, he added.

The minister said that although services sector contributes hugely to the country’s economic growth but it would not sustain the same without growth of the manufacturing sector.

Meanwhile, speaking at the Ficci annual general meeting, he said that the government is implementing biggest infrastructure building project - Delhi-Mumbai Industrial Corridor (DMIC). He also urged the industry to talk to their foreign counterparts about the manufacturing policy and invite them to invest in India.

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