Recently, India’s first ‘National Investment and Manufacturing Zone’ was proposed to be set up in:
✓ Correct answer: a) Andhra Pradesh
ExplanationThe National Investment and Manufacturing Zone (NIMZ) in Prakasam district, Andhra Pradesh, holds the dis- tinction of being the first NIMZ in India to receive final ap- proval and progress towards implementation.This milestone marked a significant step in the Indian government’s efforts to promote manufacturing and attract investment.The NIMZ in Andhra Pradesh was granted final approval in October 2015, set- ting a precedent for other states pursuing similar zones.The primary objective of the Prakasam NIMZ is to attract both domestic and foreign investment in manufacturing industries.The zone aims to create a conducive ecosystem for businesses by providing them with access to essential resources, simplifying regulatory procedures, and offering fiscal incentives.The focus is on promoting sustainable and inclusive industrial development, generating employment opportunities, and boost- ing economic growth in the region.The NIMZ is expected to con- tribute significantly to the “Make in India” initiative and enhance the competitiveness of Indian manufacturing on a global scale.117
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