Financial Daily from THE HINDU group of publications Sunday, May 21, 2006 |
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Industry & Economy
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Infrastructure States - Andhra Pradesh `Vizag likely to be mega special economic region' Our Bureau
Visakhapatnam , May 20 The Prime Minister, Dr Manmohan Singh, said that Visakhapatnam has the potential for becoming one of the locations for the mega Special Economic Regions being promoted by the Union Government. At a public meeting in the municipal stadium here on Saturday, the Prime Minister said the Union Government was having discussions with foreign investors on setting up the mega Special Economic Regions. "By developing Visakhapatnam as a mega Special Economic Region, investments worth $10 billion can be attracted. We will support the efforts of the State Government in developing this region,'' he said. He launched the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) here. Drinking water schemes and drainage works would be taken up. Visakhapatnam had been sanctioned Rs 100 crore under the scheme. There were proposals for schemes worth Rs 200 crore more. He promised to consider inclusion of the Visakha-Bheemili beach road project in the JNNURM and to look into the pleas to construct an international airport and provide Mass Rapid Transport System for the city.
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