Govt clears for Rs. 10,000cr NIMZ project

Manufacturing Zone
Fast tracking the investment zones building process in the country, the Centre has given the approval for the proposed National Investment Manufacturing Zone (NIMZ) to be set up at a cost of Rs 10,000-cr at Kalinganagar area in Jajpur district of Rajasthan and that the location has been touted as the emerging steel hub of the country. The manufacturing zone is expected to attract investment from varied sectors like metal & mines, automotive, steel, and downstream industries.

The project will be developed in three phases in 15 years at an investment of Rs 10,000-cr for the internal and external infrastructure. Out of the total figure, the state government expects Rs 5,000-cr from the Centre and the balance will be invested by the state and private partners. The NIMZ is expected to attract investment of Rs 1.5 lakh-cr commanding job generation potentials worth 450,000 for local youth.
Published on 20 May 2016
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