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26/07/2018 01:11pm

Centre sanctions 5 industrial infrastructure development projects in AP

image Centre sanctions 5 industrial infrastructure development projects in AP

New Delhi, July 26 (KNN) To accelerate the development of industrial infrastructure in Andhra Pradesh, the Central Government has sanctioned five industrial infrastructure development projects costing Rs 64.73 crore under its Cluster Development Program at the 47th Steering Committee Meeting.

The Commissioner of Industries Siddharth Jain stated in a press release that the clearance was for two new industrial estates at Peddapuram and Gandrajupalli in East Godavari and Chittoor districts respectively and 3 upgrading clusters at Vedayapalem (Nellore), Singarayakonda (Prakasam) and Gajuwaka (Visakhapatnam).

The five projects cost approximately ₹65 crore (new ones ₹30 crore and those for upgrading ₹35 crore), he added.

Jain, further mentioned that the state government has to contribute a major share of ₹39 crore and the balance will be a grant from the Central government.

He said that these projects not only ensure more employment but also result in improved productivity and turnovers.

The State government has plans to propose more such projects in the coming months under the CDP, Jain informed.

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