Which of the following statements is not correct about National Investment and Manufacturing Zones N...........

Economic Affairs Industrial Policy and Industrial Growth

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Which of the following statements is not correct about National Investment and Manufacturing Zones (NIMZ)?

Each National Investment and Manufacturing Zones to have 5,000 hectares.

Land will be selected by Central Government. Preference would be given to uncultivable land.

The share of manufacturing is targeted at 25% of the GDP by 2022

Both state and central Government would fund trunk infrastructure.

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Explanation:

2nd statement is incorrect.
Land will be selected by State Governments. Preference would be given to uncultivable land

National Investment & Manufacturing Zones (NIMZs) are one of the important instruments of National Manufacturing Policy, 2011. NIMZs are envisaged as large areas of developed land with the requisite eco-system for promoting world class manufacturing activity. So far, three NIMZs namely Prakasam (Andhra Pradesh), Sangareddy (Telangana) and Kalinganagar (Odisha) have been accorded final approval and 13 NIMZs have been accorded in-principle approval. Besides these, eight Investment Regions along the Delhi Mumbai Industrial Corridor (DMIC) project have also been declared as NIMZs.