Government moots more manufacturing zones

February 7th, 2012 - 8:09 pm ICT by IANS  

Mumbai, Feb 7 (IANS) The government is proposing to set up five more National Manufacturing Investment Zones (NMIZs), in addition to the seven ready for implementation, to boost the sector’s contribution to growth, an official said Tuesday.

“Seven such NMIZs are ready for implementation in the Delhi-Mumbai industrial corridor and five more are proposed in different parts of the country,” said Talleen Kumar, joint secretary (Department of Industrial Policy and Promotion) in the ministry of commerce and industry.

Addressing the fourth learning convention of Visionary Leaders for Manufacturing (VLFM), jointly organised by Confederation of Indian Industry (CII) and National Manufacturing Competitiveness Council, Kumar said the NMIZs will be spread over 5,000 hectares each with world class infrastructure, clean technologies and skill development institutes.

“In dynamic global environment, India suffers from power and transport infrastructure gaps, making its products less competitive. These zones will help overcome these shortcomings,” Kumar said.

He added the government has set a target of 25 percent share of Gross Domestic Product (GDP) growth from manufacturing by 2022 and 100 million additional jobs from the sector.

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