Centre promises boost for manufacturing in AP
Updated: May 27, 2013 12:10:18pm
Hyderabad, May 27 (KNN) Andhra Pradesh will get a boost for its manufacturing industries with the Centre announcing a decision to facilitate National Investment and Manufacturing Zone (NIMZ) at Ongole in Prakasam district of the state.
The Union Commerce and Industry Ministry has already approved in principle such zones at Medak and Chittoor districts.
The Centre has already approved the establishment of 12 NIMZs in the country - eight on the Delhi-Mumbai Industrial Corridor, two in AP and one each in Karnataka and Maharashtra.
These projects were announced as a part of the national manufacturing policy, which aims to increase the contribution of the manufacturing sector to the GDP to at least 25 per cent . Presently, the share of manufacturing in the total economic output of the country is less than 15 per cent.
Under the NIMZ scheme, the Centre would provide grants to develop infrastructure such as roads besides offering various incentives for the units that come up in these designated zones.
The state governments would have to provide land for these industrial zones, according to Commerce and Industry Minister Anand Sharma who visited the state last week.
A number of countries, including Japan, Germany, UK, Russia and even China had evinced
interest in encouraging investments in the proposed manufacturing zones.
The ministry was considering one more investment and manufacturing zone for AP as Chief Minister N Kiran Kumar Reddy had requested him for the same so that the three regions in the state - Rayalseema, Telangana and Coastal Andhra - have one such facility each.
The NIMZ will be developed as integrated industrial townships of a size between 50 and 900 sq km with state of the art infrastructure and land use on the basis of zoning, clean and energy efficient technology, necessary social infrastructure and skill development facilities.
The financial support being given to 56 handloom clusters in AP would be extended to 46 more clusters in the state.
The Centre has also promised to extend support for the International Pharma Trade Centre proposed to be set up in Hyderabad by the AP government.
Furthermore, an Institute for Foreign Trade would be set up in Visakhaptnam, he said. (KNN)
The Union Commerce and Industry Ministry has already approved in principle such zones at Medak and Chittoor districts.
The Centre has already approved the establishment of 12 NIMZs in the country - eight on the Delhi-Mumbai Industrial Corridor, two in AP and one each in Karnataka and Maharashtra.
These projects were announced as a part of the national manufacturing policy, which aims to increase the contribution of the manufacturing sector to the GDP to at least 25 per cent . Presently, the share of manufacturing in the total economic output of the country is less than 15 per cent.
Under the NIMZ scheme, the Centre would provide grants to develop infrastructure such as roads besides offering various incentives for the units that come up in these designated zones.
The state governments would have to provide land for these industrial zones, according to Commerce and Industry Minister Anand Sharma who visited the state last week.
A number of countries, including Japan, Germany, UK, Russia and even China had evinced
interest in encouraging investments in the proposed manufacturing zones.
The ministry was considering one more investment and manufacturing zone for AP as Chief Minister N Kiran Kumar Reddy had requested him for the same so that the three regions in the state - Rayalseema, Telangana and Coastal Andhra - have one such facility each.
The NIMZ will be developed as integrated industrial townships of a size between 50 and 900 sq km with state of the art infrastructure and land use on the basis of zoning, clean and energy efficient technology, necessary social infrastructure and skill development facilities.
The financial support being given to 56 handloom clusters in AP would be extended to 46 more clusters in the state.
The Centre has also promised to extend support for the International Pharma Trade Centre proposed to be set up in Hyderabad by the AP government.
Furthermore, an Institute for Foreign Trade would be set up in Visakhaptnam, he said. (KNN)
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