Explanation:

The Government of India has announced a National Manufacturing Policy 2011 with the objective of enhancing the share of manufacturing in GDP to 25% within a decade and creating 100 million jobs. The National Investment and Manufacturing Zones (NIMZ) are an important instrumentality of the manufacturing policy.

The Central Government will create the enabling policy framework, provide incentives for infrastructure development on a Public-Private Partnership (PPP) basis through appropriate financing instruments, and State Governments will be encouraged to adopt the instrumentalities provided in the policy

The NIMZs are envisaged as integrated industrial townships with state-of-the-art infrastructure; land use on the basis of zoning; clean and energy-efficient technology; necessary social infrastructure; skill development facilities etc. to provide a productive environment for persons transitioning from the primary to the secondary and tertiary sectors.

• They are established Under the National Manufacturing Policy in 2011
• NIMs would have a minimum area of 5000 hectares
• Income tax exemption To small and medium enterprises
• Land will be selected by state governments and preference would be given to uncultivable land.
• Environmental Impact Assessment guidelines would be provided by the state government
• To enable NIMZs to function as self-governing autonomous bodies, they will be declared by the state government as industrial townships under Article 243 Q (c) of the constitution.
• NIMZs will be notified by the central government.

One of the key instruments to catalyse the growth of manufacturing is through the establishment of National Investment and Manufacturing Zones (NIMZs) which are to be developed in the nature of greenfield industrial townships, benchmarked with the best manufacturing hubs in the world. Wherever an industrial park comes within an NIMZ, it would get all benefits applicable to NIMZ as enunciated in the National Manufacturing Policy.