The Union government on May 25 promised to approve a third National Investment and Manufacturing Zone (NIMZ) for Andhra Pradesh. The Centre has already approved the establishment of 12 NIMZs in the country – eight on the Delhi-Mumbai Industrial Corridor, two in AP and one each in Karnataka and Maharashtra, said the Union Minister for Commerce and Industry Anand Sharma.
He added that these projects were announced as a part of the national manufacturing policy, which aims to increase the contribution of the manufacturing sector to the GDP to at least 25 per cent from the present 16 per cent. The Centre would provide grants to develop infrastructure such as roads besides offering various incentives for the units that come up in these designated zones.
The State governments would have to provide land for these industrial zones, he said. A number of countries, including Japan, Germany, UK, Russia and even China had evinced interest in encouraging investments in the proposed manufacturing zones.
Sharma said the ministry was considering one more investment and manufacturing zone for AP as the State Chief Minister N Kiran Kumar Reddy had requested him for the same so that the three regions in the state have one such facility each.
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