Karnataka to Get Two More Manufacturing Zones | SupportBiz


Karnataka to Get Two More Manufacturing Zones

Union Commerce and Industry Minister Anand Sharma confirmed on December 23 that, the government has approved setting up of two more NIMZ in Bidar and Gulbarga in Karnataka.

Bangalore, December 24: After the establishment of its first National Investment & Manufacturing Zone (NIMZ) in Tumkur early this year, the state of Karnataka will soon get two more NIMZ in its northern region, reports IANS.

The state is now looking for centre’s nod to set up the fourth NIMZ in Kolar, about 100 km from Bangalore.

“The NIMZs are envisaged as integrated industrial townships with incentives, infrastructure, clean and energy efficient technology and skill development facilities for productive ecosystem spanning primary, secondary and tertiary sectors. We have approved two more NIMZs for Karnataka at Bidar and Gulbarga to attract investments and create jobs in the manufacturing sector," Anand Sharma told reporters in Bangalore.

Sharma further said that, the upcoming Information Technology Investment Region (IITR) at Devanahalli near Bangalore international airport will also be given the status of NIMZ to attract investments in the knowledge sector.

In a bid to increase the share of the manufacturing sector from 16 to 25 percent of the GDP and generate about 100 million jobs over the next decade, the government, as part of the new national manufacturing policy, has directed the states to set up NIMZ under public-private partnership (PPP).

The NIMZ, spread across at least 5,000 acres of land, will be equipped with world class infrastructure and road and rail connectivity. "The ministry has till date approved setting up of 14 NIMZs across the country, including eight in the Delhi-Mumbai industrial corridor," Sharma noted.