Q: Recently, India’s first ‘National Investment and Manufacturing Zone’ was proposed to be set up in
a) Andhra Pradesh
b) Gujarat
c) Maharashtra
d) Uttar Pradesh
The correct answer is Option 1.
National Investment & Manufacturing Zones (NIMZs)
- It is 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.
- Andhra Pradesh has been selected as the location for India’s first national investment and manufacturing zone (NIMZ). Hence, Option 1 is correct.
- The government offers various facilities like incentives like exemption from capital gains tax and liberalised norms to promote these zones.
- NIMZs are mega industrial zones or integrated townships with world-class supporting infrastructure.
- The NIMZ consist of a special purpose vehicle and a developer, along with the state and the central governments as stakeholders.
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