HYDERABAD: Pitching for Japanese investments, the state government wanted the Department of Industrial Policy and Promotion (DIPP) to include Medak in the proposed National Industrial Corridor Development Authority (NICDA) to set up Japan Industrial Township.
The state government sought the support of the Centre in establishing Japan Industrial Township at Medak which will immensely increase the investment competitiveness and attract more investors from the Asia Pacific region.
The setting up of NICDA between Central government and Japan is in the offing, which will be finalised in October, mostly before Prime Minister Narendra Modi’s proposed tour to Japan in October or November.
The request to sanction Japan Industrial Township was proposed by chief secretary Rajiv Sharma at a meeting with DIPP secretary Ramesh Abhishek and DIPP joint secretary Shailendra Singh at the Secretariat here on Wednesday.
The state has already got National Investment and Manufacturing Zone (NIMZ) for Medak. Rajiv Sharma wanted the visiting DIPP officials to sanction the Japan Industrial Township near Medak NIMZ so that it would boost the investment opportunities of the state.
The DIPP officials, who appreciated the efforts of the state government in launching the TS-iPASS and also the efforts put in for ease of doing business, agreed to include Telangana’s proposal to include Medak for the township. Japanese are willing to start around dozen such industrial townships in the country.
Rs 2,700 CR SOUGHT FOR TWO NIMZs
According to sources, Rajiv Sharma also sought the secretary DIPP to sanction around Rs 2,700 crore for NIMZ at Medak and also Hyderabad Pharma City, which was also accorded NIMZ status.
Sources said that Rs 1,050 crore was sought for Medak NIMZ which is required for preparing the master plan, layouts and also to provide internal infrastructure in the NIMZ. The officials also proposed to lay a railway line for Medak NIMZ.
Similarly another Rs 1,500-1,600 crore was sought for the Pharma City.
“The financial assistance from DIPP was sought for preparing master plans, development of external infrastructure linkages and internal infrastructure with regards to Medak NIMZ and Hyderabad Pharma City,” sources told Express after the meeting.
Setting up of Integrated Machine Tool Park, Research and Development and Technology Development Centre of Excellence and common engineering facility centre for textile machinery would definitely provide impetus to further investments in NIMZ, the chief secretary told the DIPP officials.