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Seven Mega Industries to Provide 35,000 Jobs in AP

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Andhra Pradesh is planning  a Global Investor Summit during October 12-14, 2015, on the eve of Hudhud anniversary. The devastating Hudhud struck port city Vizag and other parts of north coastal Andhra causing huge property loss  last October. The damage has strengthened the determination of the state to make the long coastline cyclone proof. The summit, apart from discussing the resilience of Andhra Pradesh in coping with the cyclones, will also discuss the investment opportunities available in the state. The issue figured prominently in the monthly meeting state investment promotion board chaired by chief minister N Chandrababu Naidu. The meeting reviewed proposal to set up seven mega project with an investment of Rs 2003 crore. These industries, if set up, would provide  employment opportunities for 35,000 to 40,000 people. The seven mega projects are Mohan Spintex (Krishna District) Indian Designs (textile & garmenting project, Hindupur), Divis Laboratories (Active Pharmaceutical Ingredients project, Kakinada), Vayhan Coffee (Premium instant coffee plant, Vizag), Jain Irrigation (Mega Food Park, Kurnool), Greentech Industries (auto-components unit) and NHK Springs India (ancillary auto-components unit of iSuzu Motors India, Chittoor district).

(JNR)

 

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World Bank Assistance to Make AP Cyclone-Proof

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World Bank approved a US $250 million credit for Andhra Pradesh to increase the state’s capacity to respond promptly and effectively to emergency situations such as assault of cyclones like Hudhud. The assistance, extended to Andhra Pradesh Disaster Recovery Project will  be used to restore, improve and enhance the resilience of public services and livelihoods of communities affected by the Hudhud last October. This project will benefit about 13 million people in the four severely cyclone-prone districts of Srikakulam, Vizianagaram, Visakhapatnam and East Godavari.

World Bank said Andhra Pradesh is one of the most natural hazard prone states in India because of its long coastline and geographical location. About 44 per cent the state is vulnerable to tropical storms and related hazards.

(JNR)

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