News and Events

PTI reported that the government recently notified 10 mega industrial zones in different states, a move aimed at boosting the country’s manufacturing sector.

Govt has notified 10 National Manufacturing Investment Zones, which are mega integrated townships with world class infrastructure. The biggest one is of the order of 900 square kilometer in Dholera.”

Mr Sharma said that the government is taking several steps to increase the share of the manufacturing sector in the GDP to at least 25% by 2020 from the present 16%.

In this regard, a National Manufacturing Policy was announced, which provides for NMIZs mega industrial zones with world class supporting infrastructure.

The government is offering a host of incentives like exemption from capital gains tax and liberalized labor and environmental norms to promote these zones. The NMP proposes to create 100 million jobs by 2020