Hong Kong delegation proposes to set up footwear manufacturing SEZ in AP
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Hong Kong delegation proposes to set up footwear manufacturing SEZ in AP

By Live Mint calender  17-Oct-2019

Hong Kong delegation proposes to set up footwear manufacturing SEZ in AP

  • A delegation of Hong Kong-based Intelligent SEZ development Limited (Intelligent) met Andhra Pradesh's CM.
  • He proposed to establish a sector specific Special Economic zone (SEZ) for footwear manufacturing in AP, with a total investment of Rs700 crore.'
  • Intelligent also plans to start the first phase of investment of about Rs350 crore within 5 years from the date of obtaining the SEZ approval. 
  • CM Jagan also announced a slew of sops for different sections, starting with a financial assistance scheme of Rs24,000 (per year) for handloom weavers.
  • Titled as ‘YSR Nethanna Hastham’, the scheme will be implemented from 21.

    ALSO READ: Andhra cabinet meeting: Over 3500 outdated APSRTC buses to be replaced
     

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