The Centre has given approval for setting up two National Investment and Manufacturing Zones (NIMZ) in Chittoor and Medak districts.
The NIMZ conceived under the National Manufacturing Policy is aimed at increasing the share of manufacturing sector in the GDP from 16 per cent to 26 pc. Flow of investment into each NIMZ is expected to be around Rs. 30,000 crore and creating direct and indirect employment potential for 3 lakh persons each.
Proposed in an extent of 5,000 to 6,000 hectare area, each they would be developed as integrated industrial townships with the state-of-the-art infrastructure.