Government of India approves establishment of third NIMZ in the country

Q.  Government of India has approved the establishment of India’s third NIMZ in which state?
- Published on 30 May 16

a. UP
b. HP
c. Rajasthan
d. Odisha

ANSWER: Odisha
 
Government of India has approved the establishment of a National Investment and Manufacturing Zone in Odisha. This is India’s third NIMZ involving a massive area of 163 square kilometres.
The project will come up at Kalinganagar industrial area in Jaipur district of Odisha.
  • For execution of the project, the Union Ministry of Commerce and Industry has approved INR 4241 crore
  • Of this, 3816 crore will be invested in the first phase of the project which will be completed by 2020.
  • NIMZ will create job opportunities for 1.5 alike people and help Odisha grow as a manufacturing hub and help Paradip’s growth
  • To boost the manufacturing sector, the Union Government in 2014 announced the establishment of 16 national investment and manufacturing zones under the National Manufacturing Policy
  • It aims to enhance the share of manufacturing in GDP to 25 percent and creating 100 million jobs over a decade

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