Corridors Logistics Parks And Real Estate

Andhra Pradesh is set to house India's first national investment and manufacturing zone after the state assured the Centre of the availability of 2500 acres (10 sq km) of land in one place in Prakasam district. The imminent final approval for the NIMZ, which is expected to give a fillip to the Prime Ministers Make in India campaign, comes four years after the concept was mooted to boost manufacturing in the country and two years after the Department of Industrial Policy and Promotion gave an in-principle nod to Andhra Pradesh in this regard.

* **Statement I is Incorrect :** Earlier, InvITs offered some tax benefits to investors. However, the budget in 2023 changed the taxation structure. Currently, all income distributed by InvITs, including interest income, dividend income, and rental income, is taxable in the hands of the unitholders according to their income tax slab. * **Statement II is Correct :** InvITs are indeed recognized as borrowers under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). This Act allows InvITs to access various financing options and enforce security interests in case of defaults.