03-24-2021, 05:20 AM
Following is an excerpt from https://tathya.in/?p=5835 .
Quote:NIMZ Needs 10K Cr
By Tathya Correspondent - March 20, 2021
Bhubaneswar: Over Rs.10,000 crore is required to develop infrastructure of the National Investment and Manufacturing Zone (NIMZ)— a mega investment region in Kalinga Nagar in Jajpur district
The NIMZ is among three such projects approved by Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industries.
The NIMZ has an investment potential of Rs.1,60,000 crore and envisages employment opportunities– both direct and indirect- for nearly one lakh persons.
It has been developed over 40,000 acres with over 23,000 acres of processing area and offers excellent opportunities for the downstream and ancillary industries with raw material supplies, sheet metal works, auto parts etc.
The State being rich in iron ore, a steel cluster is envisaged in the region and Rs 10,627 crore is needed for the development of both internal and external infrastructure.
Accordingly, State Government has requested the Union Government to provide grant for creation of both internal and external infrastructure as approved by DPIIT in its final approval, said sources.
The State Government has also requested DPIIT to explore to change NIMZ Policy on provision of grant for creation of various internal infrastructure and other statutory compliance studies as well as looking at the huge potential of NIMZ Kalinga Nagar.