The Andhra Pradesh Government has decided to infuse around Rs 750 crore to develop infrastructure in 39 special economic zones (SEZs) of the 54 cleared by the Centre.
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.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.
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