NATIONAL MANUFACTURING POLICY
- The Government of India has notified a National Manufacturing Policy (NMP) on 4th November, 2011 with the objective of enhancing the share of manufacturing in GDP to 25% and creating 100 million jobs over a decade or so.
- Important features of the policy are:
- National Investment and Manufacturing Zones (NIMZs)
- Rationalization and simplification of business regulations
- Simple and expeditious exit mechanism for manufacturing units
- Incentives for SMES
- Industrial training and skill upgradation measures
- Financial and institutional mechanisms for technology development, including green technologies
- Government procurement
- Special focus sectors.
NATIONAL INVESTMENT AND MANUFACTURING ZONES (NIMZS)
- NIMZs have been conceived as large integrated industrial townships with state of-the-art infrastructure and provide a conducive environment for manufacturing industries.
- To enable the NIMZ to function as a self government and autonomous body, it will be declared by the State Government as a Industrial Township under Article 243 Q (I) (c) of the Constitution.
- These NIMZs would be managed by a Special Purpose Vehicle (SPV).
- The NIMZs are perceived to be different from Special Economic zones (SEZ) in terms of size; level of infrastructure planning; governance structure related to regulatory procedures; exit policies; fiscal incentives, etc.
- Nine NIMZ outside the Delhi-Mumbai Industrial Corridor (DMIC) region given in-principle approval are
- Nagpur in Maharashtra
- Tumkur in Karnataka
- Bidar in Karnataka
- Kolar in Karnataka
- Gulabarga in Karnataka
- Chittoor in Andhra Pradesh
- Medak in Telangana
- Prakasam in Andhra Pradesh
- Kalinganagar, Jajpur district in Odisha (Recent).
- Eight Investment Regions along the Delhi-Mumbai Industrial Corridor (DMIC) project nodes have also been accorded in principle approval as NIMZs.
- These are: (i) Ahmedabad-Dholera Investment Region, Gujarat (ii) Shendra-Bidkin Industrial Park city near Aurangabad, Maharashtra; (iii) Manesar-Bawal Investment Region, Haryana; (iv) Khushkera-Bhiwadi-Neemrana Investment Region, Rajasthan (v) Pithampur-Dhar-Mhow Investment Region, Madhya Pradesh (vi) Dadri-Nodia-Ghaziabad Investment Region, Uttar Pradesh (vii) Dighi Port Industrial Area, Maharashtra and (viii) Jodhpur-Pali-Marwar Region in Rajasthan.
DELHI-MUMBAI INDUSTRIAL CORRIDOR
- The Delhi Mumbai Industrial Corridor (DMIC) project is being developed on both sides of the Western Dedicated Freight Corridor as a global manufacturing and investment destination.
- ‘In principle’ approval was accorded to it in August, 2007.
- An institutional framework with a dedicated Special Purpose Vehicle (SPV), viz., Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) was setup.
- DMIC Project Development Fund has been set up as a trust in September, 2012.
- In the revised equity structure of DMICDC approved in August 2012, Government of India has 49% equity, Japan Bank for International Cooperation 26% and Government owned financial institutions 25%.
CHENNAI-BENGALURU INDUSTRIAL CORRIDOR
- India and Japan in 2011 decided to strengthen efforts to improve infrastructure in Chennai-Bengaluru area and directed to operationalise the modalities for preparation of the Comprehensive Integrated Master Plan for development of Chennai-Bengaluru Industrial Corridor.
- The corridor between Chennai-Bengaluru-Chitradurga (around 560 km) would have an influence area spread across the states of Karnataka, Andhra Pradesh and Tamil Nadu.
