New Manufacturing Policy to create 100 million jobs in India

0
146

The Government of India has announced a national manufacturing policy with the objective of enhancing the share of manufacturing in GDP to 25 per cent within a decade and creating 100 million jobs. It also seeks to empower rural youth by imparting necessary skill sets to make them employable. Sustainable development is integral to the spirit of the policy and technological value addition in manufacturing has received special focus.

The first phase of the NIMZ will be established along the DMIC which will see early results in the next few years. The development of this corridor will be anchored in the National Manufacturing Policy which will give its strength by providing an overarching policy framework.

The government is developing the Delhi Mumbai Industrial Corridor (DMIC), as a global manufacturing and investment destination utilising the high capacity 1483 km long western dedicated railway Freight Corridor (DFC), as the backbone. In essence, the DMIC project is aimed at the development of futuristic industrial cities. This would involve/attract an estimated investment of around US$ 90-100 billion over the next thirty years. The DMIC project covers six States i.e. Haryana, UP, Rajasthan, Madhya Pradesh, Maharashtra and Gujarat, accounting for 43 per cent of the national GDP, 50 per cent of industrial production and exports and 40 per cent of total workforce. It is estimated that the developments under the project will offer employment opportunities for over three million people.

DMIC has 24 nodes covering 11 Investment Regions (IR) of more than 200 sq kms each and 13 Industrial Areas (IA) of about 100 sq kms each. Initially, 7 (Seven) investment nodes are being developed with assistance from Government of India.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Are you human? *