02252018Headline:

“NIMZ will change the face of the country.”

Anand

Minister of Commerce & Industry

A National Investment and Manufacturing Zone (NIMZ) will change the face of the country.

With Kerala being a state where land is scarce, the centre would relax certain rules and would support the setting up of the Kochi-Palakkad corridor, where industrial and other clusters would come up. The corridor will have all benefits of a NIMZ.

I see a maximum of 15 or at the most 18 such zones in the country. These integrated standalone green field townships will create 100 million skilled jobs in the coming years. Of these proposed NIMZ, three are going to come in the southern states with Bangalore becoming a dedicated city for electronics and hardware.

The state government will have to identify the land, while the centre would provide the trunk investment. A committee would be set up to monitor this project, which will include officials from the centre and the state. These zones would have world class facilities which are seen in countries like Japan, South Korea and China, besides offering numerous tax relief.

Mr. Anand Sharma said at a meeting of industries ministers of the southern states, while he was in Kerala Capital.

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