In this contribution we review the overall features of EMIR, the NIR multiobject spectrograph of the GTC. EMIR is at present in the middle of the PD phase and will be one of the first common user instruments for the GTC, the 10 meter telescope under construction by GRANTECAN at the Roque de los Muchachos Observatory (Canary Islands, Spain). EMIR is being built by a Consortium of Spanish, French and British institutes led by the IAC. EMIR is designed to realize one of the central goals of 10m class telescopes, allowing observers to obtain spectra for large numbers of faint sources in an time-efficient manner. EMIR is primarily designed to be operated as a MOS in the K band, but offers a wide range of observing modes, including imaging and spectroscopy, both long slit and multiobject, in the wavelength range 0.9 to 2.5 μm. The present status of development, expected performances and schedule are described and discussed. This project is funded by GRANTECAN and the Plan Nacional de Astronomía y Astrofísica (National Plan for Astronomy and Astrophysics, Spain).