What is NIMZs ?

Highlights:

National Investment and Manufacturing Zones National Investment and Manufacturing Zones (NIMZs) will be developed as integrated industrial townships with state-of-the art infrastructure and land use on the basis of zoning; clean and energy efficient technology; necessary social infrastructure; skill development facilities, etc., to provide a productive environment to persons transitioning from the primary sector to the secondary and tertiary sectors.
These NIMZs would be managed by SPVs (Special Purpose Vehicles) which would ensure master planning of the Zone; pre-clearances for setting up the industrial units to be located within the zone and undertake such other functions as specified in the various sections of this policy.
To enable the NIMZ to function as a self governing and autonomous body, it will be declared by the State Government as an Industrial Township under Article 243 Q(c) of the Constitution.
In sum, the NIMZs would be large areas of developed land, with the requisite eco-system for promoting world class manufacturing activity.
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.

Salient Features:

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 Zonesto have 5,000 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.
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.

What is NIMZs ?

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