The project entails developing 5 industrial zones
These zones would come up in Visakhapatnam, Kakinada, Machilipatnam, Anantapur and Erpedu–Srikalahasthi. (Photo: DC/File)
Hyderabad: To give a fillip to industrial development in Andhra Pradesh, the Asian Development Bank has pledged to set up industrial zones in the state within six months. In a meeting with AP Chief Minister N. Chandrababu Naidu on Tuesday, ADB’s country director Hun Kim said they would help the AP government establish industrial zones, costing around $2.5 billion, in the state.
The project entails developing five industrial zones as part of the Visakhapatnam-Chennai industrial corridor. These zones would come up in Visakhapatnam, Kakinada, Machilipatnam, Anantapur and Erpedu–Srikalahasthi.
Mr Kim has assured the CM that they would help the state attract investors from China, Japan, South Korea and European countries. ADB would also enable companies and investors from these countries to support the government in the industrial development process.
( Source : dc correspondent )
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