Financial Daily from THE HINDU group of publications
Tuesday, Jun 08, 2004
Financial Daily from THE HINDU group of publications Tuesday, Jun 08, 2004 |
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Agri-Biz & Commodities
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Agricultural Policy AP Govt may float bonds to fund irrigation projects Our Bureau
Hyderabad , June 7 THE Andhra Pradesh Government, which announced a two-pronged strategy to complete irrigation projects in the State, is planning to ride on low interest regime and attractive financial instruments to fund them. Disclosing this to reporters here on Monday, Mr Ponnala Lakshmaiah, Minister for Major Irrigation, said the Government plans to tap financial institutions and float bonds. The Minister told the Assembly last week that the Government would complete eight major irrigation projects in the next two years, covering 12 lakh acres. These include Vamsadhara Stage II, Somasila, Devadula, Tadipudi and Alisagar. When asked for his comments on the Telangana Rashtra Samithi leader, Mr A. Narendra's threat regarding Pulichintala project, the Minister said the Government gave equal focus to all the three regions. He said the TRS wanted the Government to take up projects in the Telangana region. "We are precisely doing that," he said. The Minister hoped that the State would amicably solve thorny issues with Karnataka as a Congress-led alliance took over reins there. The Government, however, is yet to make a move in this direction. Meanwhile, Dr Y.S. Rajasekhara Reddy, the Chief Minister, agreed to take up the Gorakal reservoir and its distributory systems at an estimated cost of Rs 560 crore to "give a greater thrust to Galeru-Nagari Sujala Sravanti project".
More Stories on : Agricultural Policy | Govt Bonds | Andhra Pradesh
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