UPSC Prelims 2016 Question:

Recently, India’s first ‘National Investment and Manufacturing Zone’ was proposed to be set up in

Explanation: 

• National Investment & Manufacturing Zones (NIMZs) are one of the important instruments of National Manufacturing Policy, 2011.  NIMZs are envisaged as large areas of developed land with the requisite eco-system for promoting world class manufacturing activity.
  
  

• NIMZs are different from SEZs in terms of size, level of infrastructure planning, governance structures related to regulatory procedures, and exit policies. The main objective of Special Economic Zones is promotion of exports, while NIMZs are based on the principle of industrial growth in partnership with States and focuses on manufacturing growth and employment generation.
  
  
• So far, three NIMZs namely Prakasam (Andhra Pradesh), Sangareddy (Telangana) and Kalinganagar (Odisha) have been accorded final approval. and 13 NIMZs have been accorded in-principle approval. Besides these, eight Investment Regions along the Delhi Mumbai Industrial Corridor (DMIC) project have also been declared as NIMZs. Hence, Andhra Pradesh got India’s first ‘National Investment and Manufacturing Zone’.
  
  

Therefore, option (1) is the correct answer.

Relevance: In March 2016, The Government announced eight Investment Regions along the Delhi Mumbai Industrial Corridor (DMIC) project as National Investment and Manufacturing Zones (NIMZs).

Subject: Economics | Infrastructure