Economy

Rs 18,500 cr sought for 7 investment zones

Arun S. New Delhi | Updated on March 12, 2018

The Minister of Commerce and Industry, Mr Anand Sharma flanked by Mr B. Muthuraman (right), President, CII, and Mr Adi Godrej, President-Designate, CII, during the CII National Council Meeting in the Capital on Friday. - Photo: V. Sudershan   -  The Hindu

The Commerce and Industry Minister, Mr Anand Sharma, has asked the Cabinet for Rs 18,500 crore to establish seven new investment regions across six States as part of Delhi Mumbai Industrial Corridor (DMIC).

The Government has completed the planning of the DMIC region, he said on Friday. “These two steps will help unlock the true potential of manufacturing in India,” Mr Sharma added.

The $90 billion-DMIC project will be across 1,483 km covering Uttar Pradesh, Delhi, Haryana, Rajasthan, Gujarat and Maharashtra.

Mr Sharma said, “We propose to establish 4-5 National Manufacturing and Investment Zones as greenfield integrated industrial townships with world class infrastructure financed by the Centre in partnership with the States with a competitive regulatory environment for attractive investments.”

Speaking at a CII meeting, Mr Sharma, who is also the Textiles Minister, said the National Manufacturing Policy is likely to be announced this month. The policy aims at augmenting the share of manufacturing in GDP to 25 per cent within a decade and is to create 100 million additional jobs.

Its focus is to improve the business environment, enable easy technology acquisition and development, provide access to capital for SMEs, enhance the role of the private sector in skill development, minimise the Government's role and create an environment of self-regulation.

>arun.s@thehindu.co.in

Published on September 02, 2011

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