Setting up of NIMZs
Government has granted “in-principle” approval to a total of 20 National Investment and Manufacturing Zones (NIMZs). Of these, 12 NIMZs are located outside the Delhi-Mumbai Industrial Corridor (DMIC) region. These are:
(i) Nagpur in Maharashtra;
(ii) Tumkur in Karnataka;
(iii) Chittoor in Andhra Pradesh;
(iv) Prakasam in Andhra Pradesh;
(v) Medak in Telangana;
(vi) Kolar in Karnataka;
(vii) Bidar in Karnataka;
(viii) Gulbarga in Karnataka;
(ix) Jajpur in Odisha;
(x) Ramanathapuram in Tamil Nadu;
(xi) Auraiya in Uttar Pradesh; and
(xii) Jhanshi in Uttar Pradesh.
Out of these NIMZs, the Government has granted final approval to the NIMZ at Prakasam in Andhra Pradesh on 6th October, 2015
Under phase-I of the DMIC project, 8 Investment Regions have also been accorded ‘in-principle’ approval of Government for setting up as NIMZs as per guidelines approved by the Cabinet. These are:
i. Ahmedabad-Dholera Investment Region, Gujarat
ii. Shendra-Bidkin Industrial Park city near Aurangabad, Maharashtra
iii. Manesar-Bawal Investment Region, Haryana
iv. Khushkhera-Bhiwadi-Neemrana Investment Region, Rajasthan
v. Pithampur-Dhar-Mhow Investment Region, Madhya Pradesh
vi. Dadri-Noida-Ghaziabad Investment Region, Uttar Pradesh
vii. Dighi Port Industrial Area, Maharashtra ; and
viii. Jodhpur-Pali-Marwar Region in Rajasthan
The Government of India has approved a fund of Rs. 17,500 crores as a Revolving Corpus for development of trunk infrastructure in the DMIC region. The Government of Japan has announced their financial support for DMIC project to an extent of US$ 4.5 billion in the first phase for projects with Japanese participation through a mix of Japan International Cooperation Agency (JICA) and Japan Bank for International Cooperation (JBIC) lending.
Apart from twenty NIMZs which have been accorded “in-principle” approval and in which one has been accorded final approval, the Government has received three more proposals for setting up of NIMZ outside the Delhi-Mumbai Industrial Corridor region from Government of Gujarat (Two) and Government of Tamil Nadu (One). The concerned State Governments have been requested for further clarifications/ details about these proposals.
(i) Nagpur in Maharashtra;
(ii) Tumkur in Karnataka;
(iii) Chittoor in Andhra Pradesh;
(iv) Prakasam in Andhra Pradesh;
(v) Medak in Telangana;
(vi) Kolar in Karnataka;
(vii) Bidar in Karnataka;
(viii) Gulbarga in Karnataka;
(ix) Jajpur in Odisha;
(x) Ramanathapuram in Tamil Nadu;
(xi) Auraiya in Uttar Pradesh; and
(xii) Jhanshi in Uttar Pradesh.
Out of these NIMZs, the Government has granted final approval to the NIMZ at Prakasam in Andhra Pradesh on 6th October, 2015
Under phase-I of the DMIC project, 8 Investment Regions have also been accorded ‘in-principle’ approval of Government for setting up as NIMZs as per guidelines approved by the Cabinet. These are:
i. Ahmedabad-Dholera Investment Region, Gujarat
ii. Shendra-Bidkin Industrial Park city near Aurangabad, Maharashtra
iii. Manesar-Bawal Investment Region, Haryana
iv. Khushkhera-Bhiwadi-Neemrana Investment Region, Rajasthan
v. Pithampur-Dhar-Mhow Investment Region, Madhya Pradesh
vi. Dadri-Noida-Ghaziabad Investment Region, Uttar Pradesh
vii. Dighi Port Industrial Area, Maharashtra ; and
viii. Jodhpur-Pali-Marwar Region in Rajasthan
The Government of India has approved a fund of Rs. 17,500 crores as a Revolving Corpus for development of trunk infrastructure in the DMIC region. The Government of Japan has announced their financial support for DMIC project to an extent of US$ 4.5 billion in the first phase for projects with Japanese participation through a mix of Japan International Cooperation Agency (JICA) and Japan Bank for International Cooperation (JBIC) lending.
Apart from twenty NIMZs which have been accorded “in-principle” approval and in which one has been accorded final approval, the Government has received three more proposals for setting up of NIMZ outside the Delhi-Mumbai Industrial Corridor region from Government of Gujarat (Two) and Government of Tamil Nadu (One). The concerned State Governments have been requested for further clarifications/ details about these proposals.
FDI in E-Commerce Sector
As per the extant FDI policy, FDI up to 100% under the automatic route is permitted in companies engaged in e-commerce provided that such companies would engage only in Business to Business (B2B) e-commerce. Further, it has been decided an entity will be permitted to undertake retail trading through e-commerce under the following circumstances:
(i) A manufacturer is permitted to sell its products manufactured in India through e-commerce retail.
(ii) A single brand retail trading entity operating through brick and mortar stores, is permitted to undertake retail trading through e-commerce.
(iii) An Indian manufacturer is permitted to sell its own single brand products through e-commerce retail. Indian manufacturer would be the investee company, which is the owner of the Indian brand and which in manufactures in India, in of value, at least 70% of its products in house, and sources, at most 30% from Indian manufacturers.
The Government, with a view to simplify and liberalise FDI policy and to ensure that India remains increasingly attractive and investor-friendly investment destination, undertakes stakeholders consultations with concerned Ministries/ Departments, Apex Industries Chambers and other organizations. Consultations, in this regard, were held with the stakeholders including States and industry representatives.
(iii) An Indian manufacturer is permitted to sell its own single brand products through e-commerce retail. Indian manufacturer would be the investee company, which is the owner of the Indian brand and which in manufactures in India, in of value, at least 70% of its products in house, and sources, at most 30% from Indian manufacturers.
The Government, with a view to simplify and liberalise FDI policy and to ensure that India remains increasingly attractive and investor-friendly investment destination, undertakes stakeholders consultations with concerned Ministries/ Departments, Apex Industries Chambers and other organizations. Consultations, in this regard, were held with the stakeholders including States and industry representatives.