Press Esc to close
Thursday 02 October 2014
News updated at 7:47 PM IST
Weather
Max: 29.9°C
Min : 20.7°C
In Bangalore
Sunny day

Govt notifies 10 national mega industrial zones

New Delhi, Dec 16, 2012, PTI:

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.

Go to Top

Photo Gallery
Members of India's women's 4 x 400 meters relay team celebrate after winning the gold medal ...

Members of India's women's 4 x 400 meters relay team celebrate after winning the gold medal ...

Siddaramaiah and others  looking the Gandhi sculpture at 'Gandhi Jayaanthi'...

Siddaramaiah and others looking the Gandhi sculpture at 'Gandhi Jayaanthi'...

Narendra Modi and former PM Manmohan Singh after paying homage to Mahatma Gandhi in Rajghat ...

Narendra Modi and former PM Manmohan Singh after paying homage to Mahatma Gandhi in Rajghat ...

Software professionals clean the walls and footpath in Bengaluru ...

Software professionals clean the walls and footpath in Bengaluru ...

Army Jawans sweep an area along roadside as they participate in 'Swachh Bharat Abhiyan’  ...

Army Jawans sweep an area along roadside as they participate in 'Swachh Bharat Abhiyan’ ...

Shivsena chief Udhav Thackeray during an election campaign rally for assembly elections ...

Shivsena chief Udhav Thackeray during an election campaign rally for assembly elections ...

Bollywood actor and BJP MP Shatrughan Sinha wields a broom with party MLAs ...

Bollywood actor and BJP MP Shatrughan Sinha wields a broom with party MLAs ...

Sourav Ganguly attends Durga puja during 'Maha Aastami' at Kolkata ...

Sourav Ganguly attends Durga puja during 'Maha Aastami' at Kolkata ...

Gold medal winning Indian team poses for a photograph after medal ceremony of men's hockey ...

Gold medal winning Indian team poses for a photograph after medal ceremony of men's hockey ...

Indian team celebrates after winning men's hockey gold match against Pakistan ...

Indian team celebrates after winning men's hockey gold match against Pakistan ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523