Government has given final approval to two National Investment and Manufacturing Zones (NIMZ), one each in Andhra Pradesh and Telangana, Minister of State for Finance Jayant Sinha said today.
"Eight investment regions along the Delhi Mumbai Industrial Corridor (DMIC) project have been announced as NIMZs. Fourteen NIMZs outside the DMIC region have also been given in-principle approval.
"Out of these NIMZs (outside DMIC), the NIMZs at Prakasam in Andhra Pradesh and Medak in Telangana have been granted final approval", Sinha said in a written reply in the Lok Sabha.
For the financial year 2016-17, Rs 3.35 crore has been earmarked under the scheme for implementation of National Manufacturing Policy for Master Planning of NIMZs and Technology Acquisition and Development Fund (TADF), Sinha said.
The National Manufacturing Policy is based on the principle of industrial growth in partnership with the states.
"It is the prerogative of the states to adopt the instrumentalities provided by the policy", Sinha added.
