Andhra Pradesh government is
focusing on creating infrastructure such as Industrial Corridors, industrial
parks, Ports, Airports coupled with improving educational facilities, health
care, skill development and capacity building so that youth get to reap the
fruits of rapid industrialisation.
Addressing a virtual conference on business opportunities with largest
source of funding on March fifth, the state's minister for industries Mekapati
Goutham Reddy exuded confidence that the conference will help create awareness
of developmental projects being undertaken in India by Multilateral Development
the government’s efforts to enhance industrial growth and job creation in AP
The number of MSMEs in AP could be doubled due to the support extended by
the government during the Covid-19 crisis, the Minister said. The Asian
Development Bank (ADB), which is funding the Visakhapatnam-Chennai Industrial
Corridor, India’s first coastal corridor, is complementing the government’s efforts
to enhance industrial growth and job creation.
“We recently concluded the agreement with the New Development Bank (NDB)
for two road projects worth 646 million US dollars— double-laning of
1,600-km-long State highways and dilapidated bridges reconstructed on the State
highway network. Andhra Pradesh Mandal Connectivity and Rural Connectivity
Improvement Project comprising double-laning of 1,400-km-long district roads
and reconstruction of bridges on the district road network,’’ he explained.
Vizag Metro is
picking up pace
Metro is picking up pace and the project cost is around Rs 16,000 crore. We are
also exploring various funding options,” he said. The government is looking at ways in which
MDBs can have more skin in the game—partial enhancement or project guarantee,
instead of full risk borne by the government.