The Hindu Business Line : AP Govt to invest Rs 750 cr in SEZ infrastructure

Hyderabad, Oct. 24 The Andhra Pradesh Government is set to invest about Rs 750 crore to develop infrastructure in 39 special economic zones (SEZs) of the 54 cleared by the Centre.

Addressing newspersons, the State Major Industries Minister, Ms J. Geetha Reddy, said that these investments would be to develop necessary infrastructure such as water supply, connectivity through roads and dedicated power supply.

The Chairman and Managing Director of Andhra Pradesh Industrial Infrastructure Corporation (APIIC), Mr B.P. Acharya, said that the State is likely to secure Central Government approval for the ambitious Integrated Petroleum, Chemicals and Petrochemical Investment Region, planned between port cities of Kakinada and Visakhapatnam, along the State’s coast.

If this project comes through, the Central Government may invest about Rs 8,000 to Rs 9,000 crore in this region to support other major projects coming up near by.

The State is likely to consider allotment of 10 per cent of land in the special economic zones (SEZs) for small and medium sized companies with discount.

This move follows the Chief Minister, Dr Y.S. Rajasekhara Reddy’s proposal to consider this option to help the small and medium sized IT companies on the basis of suggestions by the State IT Department.

Dr Reddy favoured allotment of 10 per cent of land in the SEZs being established in and around Hyderabad along with 10 per cent subsidy in the land cost.

The State Information Technology Department had made out a case in favour of IT sector arguing that these companies would find the going tough to acquire land at current competitive market rates.

Based on these suggestions, Dr Reddy agreed to the proposal to establish IT cities near Mahbubnagar and Nalgonda about 60 km from the new international airport and asked the department to thrash out action plan to encourage Tier II cities of Visakhapatnam, Vijayawada, Mahbubnagar, Warangal, Kadapa, Tirupati, Nalgonda, Kurnool and Kakinada for IT firms.

More Stories on : Infrastructure | SSI | Andhra Pradesh

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

Stories in this Section
Shishir Bajaj alleges plans were made to oust him from Bajaj Sevashram

Dutch connection

Group on trade, investment with Norway mooted

AP Govt to invest Rs 750 cr in SEZ infrastructure

Breakthrough in hydel projects implementation

Seminar on service tax

Small, medium biz may hike IT spending this year

Kerala, TN to sign water sharing pact

Rising rupee makes no major impact on diamond sector

Real estate boom devours castor area in AP

IIT Delhi startup gets Swedish collaborator

KSFDC credit scheme for producers

Chamber organising meet on information security