Darmashkian
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Boost to Make in India campaign: First national investment and manufacturing zone to come up in Andhra Pradesh
NEW DELHI: Andhra Pradesh is set to house India's first national investment and manufacturing zone after the state assured the Centre of availability of 10 sq km of land in one place in Prakasam district.
The imminent final approval for the NIMZ, which is expected to give a fillip to Prime Minister Narendra Modi's Make in India campaign, comes four years after the concept was mooted to boost manufacturing in the country and two years after the Department of Industrial Policy and Promotion gave an in-principle nod to Andhra Pradesh in this regard.
"NIMZ could not take off because states did not have the required land available. But we want to make the best of what we have, hence we are going ahead with the approval for Andhra Pradesh," said a senior government official. DIPP has relaxed the requirement of land for setting up an NIMZ, from 50 sq km to 10 sq km.
The state will have to acquire the remaining land in the next four-five years.
The NIMZ will comprise a special purpose vehicle and a developer, along with the state and the central governments as stakeholders.
DIPP has in the past four years given in-principle approval to 12 NIMZs in Nagpur in Maharashtra; Tumkur, Kolar, Gulbarga and Bidar in Karnataka; Medak in Telangana; Chittor in Rajasthan and Kalinganagar in Odisha, among others.
However, none of the states other than Andhra Pradesh has been able to make any headway yet.
The manufacturing policy puts the onus on the central government to provide external physical infrastructure linkages to the NIMZs including rail, road, ports, airports and telecom, in a time-bound manner and also provide viability gap funding wherever required.
As per the original plan Andhra Pradesh has estimated that the manufacturing zone will create opportunities for 20,500 direct and 29,200 indirect jobs and attract an investment of over Rs 43,500 crore.
The Centre will assist the state in negotiating non-sovereign multilateral loans and the developers in raising extra commercial borrowings to develop internal infrastructure. Andhra Pradesh ranked second among Indian states in the World Bank's recent ease of doing business rankings, second only to Gujarat.
The state has set up a system for random allocation of inspectors and computerised risk assessment based inspections under various labour laws. It also started a Singlewindow system using an IT-enabled platform to provide all clearances to set up an industrial operation within 21 days.
Read more at:
Boost to Make in India campaign: First national investment and manufacturing zone to come up in Andhra Pradesh - The Economic Times
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Q.What is a NIMZ??
Ans.NIMZ stands for National Investment Manufacturing Zone. These Zones have been earmarked under National Manufacturing Policy. These are Industrial Townships with available infrastructure & have been created under uncultivated land
-------------------------------------------------------------------------------------------
Here is a link to know more about it:-
National Manufacturing Policy & NIMZ - General Knowledge Today
An excerpt from the above link:-
A)
The Planning Commission has recently released the draft of the country’s first ever National Manufacturing Policy. The objective of the National Manufacturing Policy is to boost the country’s share of industrial production, employment; development of world-class infrastructure and investments in India’s manufacturing space.
Summary of the Policy:
Another excerpt:-
Which Industry verticals will be give special attention? .
National Manufacturing Policy & NIMZ - General Knowledge Today
-------------------------------------------------------------------------------------
NATIONAL MANUFACTURING | MAKE IN INDIA
Check transfer of assets under the sub-heading incentives here
@Chanakya's_Chant @Rain Man @scorpionx @magudi @levina @anant_s @NIA @bhagat
NEW DELHI: Andhra Pradesh is set to house India's first national investment and manufacturing zone after the state assured the Centre of availability of 10 sq km of land in one place in Prakasam district.
The imminent final approval for the NIMZ, which is expected to give a fillip to Prime Minister Narendra Modi's Make in India campaign, comes four years after the concept was mooted to boost manufacturing in the country and two years after the Department of Industrial Policy and Promotion gave an in-principle nod to Andhra Pradesh in this regard.
"NIMZ could not take off because states did not have the required land available. But we want to make the best of what we have, hence we are going ahead with the approval for Andhra Pradesh," said a senior government official. DIPP has relaxed the requirement of land for setting up an NIMZ, from 50 sq km to 10 sq km.
The state will have to acquire the remaining land in the next four-five years.
The NIMZ will comprise a special purpose vehicle and a developer, along with the state and the central governments as stakeholders.
DIPP has in the past four years given in-principle approval to 12 NIMZs in Nagpur in Maharashtra; Tumkur, Kolar, Gulbarga and Bidar in Karnataka; Medak in Telangana; Chittor in Rajasthan and Kalinganagar in Odisha, among others.
However, none of the states other than Andhra Pradesh has been able to make any headway yet.
The manufacturing policy puts the onus on the central government to provide external physical infrastructure linkages to the NIMZs including rail, road, ports, airports and telecom, in a time-bound manner and also provide viability gap funding wherever required.
As per the original plan Andhra Pradesh has estimated that the manufacturing zone will create opportunities for 20,500 direct and 29,200 indirect jobs and attract an investment of over Rs 43,500 crore.
The Centre will assist the state in negotiating non-sovereign multilateral loans and the developers in raising extra commercial borrowings to develop internal infrastructure. Andhra Pradesh ranked second among Indian states in the World Bank's recent ease of doing business rankings, second only to Gujarat.
The state has set up a system for random allocation of inspectors and computerised risk assessment based inspections under various labour laws. It also started a Singlewindow system using an IT-enabled platform to provide all clearances to set up an industrial operation within 21 days.
Read more at:
Boost to Make in India campaign: First national investment and manufacturing zone to come up in Andhra Pradesh - The Economic Times
-------------------------------------------------------------------------------------------------------------------
Q.What is a NIMZ??
Ans.NIMZ stands for National Investment Manufacturing Zone. These Zones have been earmarked under National Manufacturing Policy. These are Industrial Townships with available infrastructure & have been created under uncultivated land
-------------------------------------------------------------------------------------------
Here is a link to know more about it:-
National Manufacturing Policy & NIMZ - General Knowledge Today
An excerpt from the above link:-
A)
The Planning Commission has recently released the draft of the country’s first ever National Manufacturing Policy. The objective of the National Manufacturing Policy is to boost the country’s share of industrial production, employment; development of world-class infrastructure and investments in India’s manufacturing space.
Summary of the Policy:
- Manufacturing’s share in India’s GDP has been stuck at 16% since the 1980s. The policy aims to increase the share of manufacturing in the country’s GDP from the current 16% to 25% by 2022.
- The National Manufacturing Policy aims to create 100 million additional jobs in the next decade.
- The draft policy envisages establishment of National Investment and Manufacturing Zones (NIMZ) equipped with world-class infrastructure that would be autonomous and self-regulated developed in partnership with the private sector.
- Each National Investment and Manufacturing Zones to have 5,000 hectares. (now 1,000 hectares)
- Land will be selected by State Governments. Preference would be given to uncultivable land.
- Both state and central Government would fund trunk infrastructure.
- The policy embodies an easy exit policy and single window clearance in zones .
- The NIMZ would be managed by special entity .
- The policy has envisaged fiscal sops to boost manufacturing.
- Small & medium enterprises to be reimbursed for technology purchase.
- Industrial training and skills development programmes .
- Flexible labor laws and simplified & expeditious exit mechanism for sick units
- Relaxation in environmental regulations.
- Financial and tax incentives to small and medium enterprises.
- Incentives to states for infrastructure development.
- Incentives for Green Manufacturing .
- Rationalization of business regulations to reduce burden of procedural and regulatory compliance on businesses.
- Increased focus on employment intensive industries, capital goods industry, industries with strategic significance and those in which India enjoys a competitive edge and the SME sector.
- Make industrial land (land acquisition) available through creation of land banks by states.
Another excerpt:-
Which Industry verticals will be give special attention? .
- Employment intensive industries such as textiles and garments; leather and footwear; gems and jewellery; and food processing industries
- Capital Goods such as machine tools; heavy electrical equipments; heavy transport, earth moving and mining equipments.
- Industries with strategic significance such as aerospace; shipping; IT hardware and electronics; telecommunication equipment; defence equipment; and solar energy.
- Industries where India enjoys a competitive advantage such as automobiles; pharmaceuticals; and medical equipment.
- Small and Medium Enterprises: The Small and Medium Enterprises (SME) segment of manufacturing has in particular attracted due attention in the new policy as can be seen from the various financial and development incentives that have been envisaged therein. The need for special focus on the segment arises from the fact that currently, 8% of overall GDP, 45% of manufacturing output and 40% of the country’s exports originate in more than 26 million SME units across the country. These SME units are engaged in the production of more than 6000 products, 22% of which are food products, 12% are chemicals and chemical products, 10% basic industry metals, 8% metal products, 6% each of electrical and machinery parts and rubber and plastic products (36% of miscellaneous products).
- Public Sector Enterprises specially in defense and Energy sectors.
National Manufacturing Policy & NIMZ - General Knowledge Today
-------------------------------------------------------------------------------------
NATIONAL MANUFACTURING | MAKE IN INDIA
Check transfer of assets under the sub-heading incentives here
@Chanakya's_Chant @Rain Man @scorpionx @magudi @levina @anant_s @NIA @bhagat
