National

Maharashtra’s third mega industrial zone to come up near Nagpur

| Updated on: Jul 05, 2012
image caption

Manufacturing zones to receive tax breaks, liberalised labour and green laws

The Maharashtra Government has identified 6,000 hectares in Umred near Nagpur for setting up its third National Investment and Manufacturing Zone.

Under the recently announced National Manufacturing Policy, seven National Investment and Manufacturing Zones (NIMZ) have been identified, of which three would be in Maharashtra.

Dr K Shivaji, Industries Secretary of Maharashtra, told Business Line that the land acquisition process is underway at Umred. The acquisition process has been smooth without any major hindrances, he added.

The State Government has already zeroed in on Dighi in Raigad district for setting up its first NIMZ, which would be spread over 20,000 hectares. It would probably be the largest industrial zone in the country.

The second zone at Shendra, near Aurangabad, would be a smaller zone of 9,000 hectares. The zones at Dighi and Shendra fall under the Delhi Mumbai Industrial Corridor project.

The zones will be mega industrial areas, manufacturing a number of goods and having their own utilities and logistics services. Areas for residences and administrative services will also be well demarked, he said.

NIMZs will offer a host of goodies to companies such as exemption from capital gains tax, liberalised labour laws and environment norms.

By 2022, the zones are aimed at raising the proportion of manufacturing sector in the GDP to 25 per cent from the present 15-16 per cent. They are expected to put India on par with manufacturing giants like China and South Korea.

> rahulw@thehindu.co.in

Published on July 05, 2012

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

COMMENTS
This article is closed for comments.
Please Email the Editor

You May Also Like

Recommended for you