February 24, 2012
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National Industrial Manufacturing Zones promote affordable industrial land and regulatory easing to boost manufacturing growth.
The Council prioritised a central state industry partnership to meet manufacturing growth goals, identifying land scarcity and high land costs as key constraints and designating National Industrial Manufacturing Zones (NIMZs) to supply affordable land and infrastructure. It called for easing regulatory burdens on manufacturing-especially for SMEs-to enhance competitiveness, and industry representatives pressed for lower interest rates to revive investment.