The government has proposed to set up National Investment and Manufacturing Zones[NIZM]

The Indian economy is in bad shape. The economic growth has slowed down considerably. Investments have dried up. Thus in-order to step up investments and kick start the growth process, Commerce and Industry minister Anand Sharma is trying to woo investors by hard-selling the National Manufacturing Policy (NMP). If implemented properly, NMP would take the share of manufacturing up from 16% to 25% of GDP and would create 100 m skilled jobs in one decade in India. Under the NMP, the government has proposed to set up National Investment and Manufacturing Zones (NIZM). These will be mega industrial zones with world class supporting infrastructure. The government is offering a host of incentives like exemption from capital gains tax and a liberalised labour and environment norms to promote these zones. 12 of these NIZM had already been notified, which would not only be transformative but is an investment in the future of the country.