Visakhapatnam-Chennai Industrial Corridor needs a big push, say investors
By The Hindu 18-Jul-2019
The ADB, which prepared the concept paper, has agreed to give $500 million towards multi-tranch financing facility and policy-based loan worth $125 million long ago. Last year, the State government decided to take up the work on the Visakhapatnam and Chittoor nodes on a priority.
“The ambitious project aimed at boosting the manufacturing sector is yet to take off. Adequate provision has to be made for payment towards land acquisition,” Andhra Pradesh Chambers of Commerce and Industry Federation (APCCIF) president G. Sambasiva Rao told The Hindu. He also wanted a roadmap be finalised with deadlines for achieving various milestones.
The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has already identified both government and private land for the proposed industrial clusters. The government has mooted development of nodes in Visakhapatnam, Machilipatnam, Donakonda and on the Yerpedu-Srikalahasti stretch.
क्या आरक्षण पर मोहन भागवत के बयान से चुनावों में बीजेपी को नुकसान होगा?
Suffering From Problem In Your Area ? Now Its Time To Raise Your Voice And Make Everyone Know