Press Information Bureau

Government of India

Ministry of Commerce & Industry

03-September-2012 15:39 IST

National Manufacturing and Investment Zones

Government has sought participation of investors inter-alia from Germany and Britain in the National Investment and Manufacturing Zones (NIMZs) proposed to be set up in the country.

An MoU was signed between the Governments of India and Japan to develop the Delhi- Mumbai Industrial Corridor (DMIC). Japan is the partner country in the development of DMIC Project. The Government of Japan announced in December, 2011 its financial support for DMIC projects with Japanese participation to an extent of US $ 4.5 billion in the first phase of the project.

This information was given by Minister of State for Commerce and Industry, Shri Jyotiraditya M. Scindia in a written reply to a question raised in the Lok Sabha today.

DS/GK

National Manufacturing and Investment Zones: government invites foreign investment and establishes a Japanese partnership for corridor development. National Manufacturing and Investment Zones initiative solicits foreign investor participation to create designated manufacturing hubs. A memorandum of understanding with a foreign partner establishes a collaborative framework for developing an industrial corridor, with the partner country committing planned financial support for initial-phase corridor projects, reflecting a model of international financial cooperation to facilitate infrastructure and industrial development.