Hyderabad: Two National Investment and Manufacturing Zones granted to TS by the Centre in December last year are finally making some headway. The Centre approved master plans and designs submitted by state government for NIMZ-Medak and Hyderabad Pharma City, Mucherla on the city outskirts. This paved way for the Centre to declare both the NIMZ projects as ‘integrated industrial projects’.
The Union commerce ministry is expected to issue a notification in this regard very soon.The new status will entitle both the projects to secure financial assistance from the Centre. The Centre would bear 20 per cent of the total expenditure incurred by the state government on developing NIMZ projects in Medak and Ranga Reddy districts.
The TS government has planned Pharma City NIMZ in 16,529 acres and Medak NIMZ in 12,365 acres. It has already acquired 5,000 acres for Pharma City and 3,500 acres for Medak NIMZ. It estimated the Pharma City project cost at Rs 20,000 crore and Medak NIMZ at Rs 12,310 crore.
The government expects investments worth Rs 64,000 crore in Pharma City and 20,000 crore in Medak Nimz. Pharma City is expected to provide employment to 3.25 lakh people and Medak NIMZ to 2.80 lakh.
Industries minister ack mode. The Centre will bear 20 per cent of the total project cost.” Mr Rao said to develop Pharma City, the government needs to spend Rs 3,000 crore to meet environmental norms on setting up common effluent plants etc, Rs 1,600 crore to create internal infrastructure facilities, Rs 450 crore for networking of roads, Rs 550 crore to lay six-lane road to the project site from Nagarjunasagar highway.
For Medak-NIMZ, the government needs to spend Rs 500 crore to create internal infrastructure facilities, Rs 500 crore for networking of roads, Rs 100 crore to develop railway station in Metlakunta and the railway line between Ravulappali to Pagidipalli.
