In the guidelines and dispensations issued for Clusters outside National Investment and Manufacturing Zones (NIMZs) under the National Manufacturing Policy (NMP), the Government has extended the benefits of the NMP throughout the country wherever industry can organise itself into clusters and adopt a self-regulatory model.
Issuing the guidelines, the Department of Industrial Policy and Promotion (DIPP) said all the incentives provided to the National Investment and Manufacturing Zones (NIMZs) will be available to such clusters.
According to the guidelines released in January this year, a cluster will be a concentration of manufacturing industry units located within a clearly demarcated geographical area notified by the state government.
The guidelines further said the SME units in the clusters will get access to technology acquisition and development fund and greater access to institutional finance.
In addition, there would be a provision for suitable representation of the industrial units on the Board of the SPV.