The NIMZ Telangana Gets Centre Nod: The Make in Telangana programme got a shot in the arm with the Department of Industrial Policy and Promotion (DIPP) of the Union ministry of commerce & industry granting a final approval to the Medak NIMZ (National Investment and Manufacturing Zone) project on Thursday, said a top state government official.
This apart, the Telangana government’s ambitious ‘Pharma City’ project was also accorded an ‘in-principle’ approval by the DIPP which means even the Union government will be assisting the state in this project.
“The High Level Committee (HLC) meeting headed by DIPP Secretary Amitabh Kant has granted a final approval to the Medak NIMZ project and has given in-principle nod to the Pharma City project. Hence, the work on the Medak NIMZ will commence shortly,” Telangana industries department secretary Arvind Kumar told.
The Union government will be allocating Rs 1,000 crore for the first phase of Medak NIMZ, which is largely setting up infrastructure. The overall Medak NIMZ will be developed in three phases and will be spread over 12,000 acres. It has a potential to generate over one lakh jobs in the first phase alone.
The project is being reviewed by Telangana chief secretary Rajiv Sharma and has been put on a fast-track mode.
To begin with, the state government plans to acquire 2,500 acres by December. Aerospace and defence manufacturing will be one of the major sectors having a manufacturing base in NIMZ, Kumar said. He added that plans are afoot to have clusters for Chinese as well as South Korean SMEs in the first phase of the NIMZ project.
In 2013, the erstwhile UPA government had accorded in-principle approval for setting up NIMZ at Medak. The unified AP government had then estimated that the Medak NIMZ could attract investments to the tune of over Rs 43,000 crore.