Andhra Pradesh will house the first ever National Investment and Manufacuting Zone (NIMZ) in Prakasam district. Department of Industrial Policy and Promotion (DIPP) over the past four years approved 12 NIMZs in Nagpur in Maharashtra; Tumkur, Kolar, Gulbarga and Bidar in Karnataka; Medak in Telangana; Chittor in Rajasthan and Kalinganagar in Odisha. NIMZ will require at least 10 sq kms of land for the setup.
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No state made headway in this aspect due to land problems but Andhra Pradesh proactively grabbed the opportunity with both the hands and also got the approval of DIPP. Center will provide infrastructure linkage to NIMz including rail, road, ports, airports and telecom. The center will also help in negotiating loans and commercial borrowings to develop internal infrastructure.
The NIMZ will comprise a special purpose vehicle and a developer, along with the state and the central governments as stakeholders. The manufacturing zone will create opportunities for 20,500 direct and 29,200 indirect jobs and attract an investment of over Rs 43,500 crore.
