New Delhi, Dec 15 (KNN) Twelve National Investment & Manufacturing Zones (NIMZs) have been accorded in-principal approval, according to the Ministry of Commerce & Industry. 
 
In a High Level Committee meeting held on August 25, 2015 grant of final approval for Prakasam NIMZ was considered and the same was approved by the MoS(IC) for C&I on September 30, 2015.
 
The Scheme of Technology Acquisition and Development Fund (TADF) was notified in the Gazette of India. 
 
First meeting of Expert Committee constituted for evaluating the application format and methodology for funding support under TADF held on 2nd September, 2015.
 
Government has launched the TADF as envisaged in the National Manufacturing Policy on 18th November, 2015.  The objective of TADF is to provide the funding specific to acquisition and development of clean and green technologies.
 
The fund will support, via subsidies, manufacturing of equipment/machines/devices for controlling pollution, reducing energy consumption and water conservation.  Implementation and fund management will be done by Global Innovation and Technology Alliance (GITA), an existing Joint Venture (Government & private sector) Section 25 Company promoted by the Technology Development Board of the Department of Science & Technology and Confederation of Indian Industry. (KNN Bureau)