NIMZs to boost the job sector
In order to spark economic growth the government has announced that they will set up 16 national investment and manufacturing zones or NIMZs. The proposal to set up 16 NIMZs has been under the national manufacturing policy.
The policy has been chalked out in a way such that it would help in increasing the share of manufacturing in GDP to 25 percent in a decade’s time there by creating job purposes for 100 million individuals. The Economic Survey 2013-14 held in the parliament stated that the 16 NIMZs would help in boosting the manufacturing sector and creating job purposes for freshers
Out of the 16 NIMZs that are going to be set 8 are going to be installed in between the Delhi-Mumbai Industrial Corridor (DMIC). Apart from this eight other zones have been proposed for the installation of NIMZs. The other proposed corridors where the NIMZs would be set up are Nagpur, Medak, Chittoor, Kolar, Tumkur, Bidar and Gulbarga.
The NIMZs have been conceptualised as integrated and technologically advanced industrial townships. The proposed NIMZs will come up in an area of at least 50 sq km (5,000 hectares) and would boast a world-class infrastructure. Therefore these NIMZs would be a giant step in enhancing the job sector.
Source: Financial Chronicle
Delhi-Mumbai industrial corridor, Economic Survey 2013-14, National Investment and Manufacturing Zone (NIMZ), NIMZ
