Thursday, July 31, 2008

Centre Give Nod In Principle For 91 Sezs For AP -July 31, 2008

The Centre has given nod in principle 91 SEZs for Andhra Pradesh, the highest in the country, Andhra Pradesh Major Industres Minister Dr Geetha Reddy said on July 30. Out of the 91, work for 64 SEZs are already progressing.

The state had taken care to ensure that only government land or one-crop land were acquired for SEZs, to avoid repetition of Nandigram there, the minister said. The farmers, whose land had been acquired, were being provided alternative housing sites. Alleging that the previous Telugu Desam party government had given prominence only to IT industry, she said Dr Reddy''s government gave importance to manufacturing sector as well.

According to the minister, the ground breaking ceremony for Rs 1,000 crore 5000-acre-spread private sector SEZ would be performed on August eight, near Tada,on Tamil Nadu-Andhra Pradesh border. The promoter of the project, Ravindra Sannareddy, an NRI said the SEZ would have auto components, light engineering, electronics hardware, apparel and fashion outlets and also IT and BPO units.MNCs like Venture of USA, Bura of Spain and International Apparels of Holland had already signed MoUs to set up units in the SEZ.

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