The Centre has asked State Governments to create land banks for setting up new manufacturing zones to boost industrial growth and foster job creation.
In a meeting with State chief secretaries and principal industry secretaries, Minister for Commerce, Industry and Textiles Anand Sharma said States would have to play a major role in acquiring land for the setting up of world-class industrial townships.
Under the National Manufacturing Policy (NMP), the Government proposes to set up National Investment and Manufacturing Zones.
Sharma said the Government had already notified nine such townships along the Delhi-Mumbai Industrial Corridor with a minimum land area of 5,000 hectares after a ‘strong demand’ from the State Governments concerned.
“For the first time, an effective single-window clearance mechanism has been established for this policy, which will enable industrial units to obtain, at one place, various regulatory clearances including those relating to labour and environment,” he said.
The NMP, announced in October last year, aims to raise the share of manufacturing to 25 per cent in the gross domestic product from the current 16 per cent, and create 100 million jobs.
Among other things, the policy envisages the creation of a Technology Acquisition Development Fund to serve as a patent pool in which industrial units would be able to seek license for a patented technology.