India’s creaking manufacturing sector may get a facelift after Britain evinced interest in facilitating development of investment zones, two of which are expected to come along the Bangalore-Mumbai Industrial Corridor.
The Information Technology investment region near Bangalore and the recently approved manufacturing investment zone in Tumkur, Karnataka are the NIMZs where Britain is keen on working with India.
Union Commerce and Industry Minister Anand Sharma, after the India-UK CEO Forum meeting here, said: “Britain has shown keen interest to work with India for the establishment of National Manufacturing Investment Zones or the industrial townships.”
The Forum membership comprises co-chairs and 10 CEOs or Chairpersons each from the UK and India to ensure bilateral focus on strategic sectors.
Published 19 February 2013, 17:33 IST