Financial Daily from THE HINDU group of publications
Tuesday, Jan 25, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Steel


VSP capacity to be raised soon: CM

Our Bureau


The Chief Minister, Dr Y.S. Rajasekhara Reddy, greets people during the Rajiv Nagarabata programme at Gajuwaka in Visakhapatnam on Monday. - K.R. Deepak

Visakhapatnam , Jan. 24

THE capacity of the Visakhapatnam Steel Plant (Rashtriya Ispat Nigam Ltd) will be doubled in due course of time and the State Government will persuade the Centre to clear the proposal, the Chief Minister, Dr Y.S Rajasekhara Reddy, has said.

He was addressing industrial workers at Gajuwaka in the vicinity of the plant on Monday while touring the Gajuwaka and Anakapalle municipalities as part of the Rajiv Nagarabata programme.

Dr Reddy said the Visakhapatnam plant had made rapid strides in recent times and it was now to take up capacity expansion. He said the UPA Government was also agreeable to the proposal.

The Chief Minister also met the Chairman and Managing Director of the plant, Mr Y. Sivasagara Rao, and other officials during the tour and discussed the issue.

On revival of the other two major public sector units here, Bharat Heavy Plate and Vessels Ltd and Hindusthan Shipyard Ltd, he said the Congress Government had promised that it would initiate steps to revive their fortunes.

"We are committed to it and we will do everything possible," he said. Work on the Gangavaram port and the special economic zone would be speeded up, he added.

Answering a query by reporters, he dismissed the charge levelled by the Opposition Telugu Desam Party that the Rajiv Nagarabata had been launched with an eye on the coming municipal elections.

"We have no such ulterior motives. It is meant for the planned all-round development of the urban areas in the State," he said.

The government's decision to allot five per cent reservation to the minorities in education and employment was expected to get legal clearance soon.

The Chief Minister inaugurated the Rajiv Gruha Kalpa scheme to provide houses and water to the urban poor and small income groups. The Government would take all steps for the rehabilitation of displaced persons, he said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Call for balance between local and global forces


Annual Plan of Chhattisgarh fixed at Rs 4,275 cr
Chidambaram unveils iCERT digital signature project
Pilot project for e-payment of customs duty on Jan 27
Hyderabad hospital performs rare heart surgery
Pak girl undergoes surgery in KIMS
Meet on LASIK surgery in Hyderabad
Kinfra to organise lectures
Petro product sales grow 1.5 pc in Dec
Reliance looks at various modes to transport petro products inland
`Structural changes needed to correct oil PSU distortions'
VSP capacity to be raised soon: CM
SIMA decries cut in duty drawback rates
SISI training programme in Hyderabad
Tamil channels ride high on dubbed English movies
New strategies for higher education mooted
CIE to expand presence
APIDC to set up separate cell to promote biotech
`Changes to Patent Act in the interest of consumers, industry'
`Scrap Patents Ordinance'
`Stonemart 2005' to open on Jan 28
In Hyderabad today
Relief for exporters sourcing indigenously
Dip in December garment exports
Survey finds upheavals, subsidence in Andamans
Murugappa group offer to fishermen hit by tsunami
Survival International concerned over poaching in Jarawa reserves
ZSI study on tsunami impact on marine system
Contributions to The Hindu Relief Fund
Hospitality training programme unveiled in AP
Buddhist conclave in Guntur


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line