Hyderabad, July 15 (Inditop.com) The Andhra Pradesh cabinet Wednesday approved a proposal for setting up an industrial park in the coastal district of Visakhapatnam and allotted over 300 acres of land for the project.
The state cabinet, at a meeting chaired by Chief Minister Y.S. Rajasekhara Reddy, approved the proposal for industrial park in Rachepalli village of Visakhapatnam district.
Briefing reporters after the meeting, Information and Public Relations Minister J. Geeta Reddy said 334.95 acres of land was allotted to the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for the industrial park.
In another decision, the cabinet approved giving six acres of land on lease to the Indian Silk Mills, Bangalore for establishing a mini spun silk mill in Anantapur district.
The mill, the first of its kind in Andhra Pradesh, will come up Hindupur mandal of Anantapur district bordering Karnataka. “The mill will benefit 10,000 sericulturists. They will get additional annual income of Rs.5,000,” Reddy said.
She said an action plan would be prepared for modernising Hyderabad’s underground drainage and storm water drains at a cost of Rs.10,000 crore.
The minister said the state government has sent a proposal for funding the second phase of Multi Modal Transport System (MMTS) in Hyderabad. The first phase of world class Outer Ring Road (ORR) covering 80 km will be completed in 2010 while the remaining stretch of 80 km will be ready in 2012.
During the cabinet meeting, Reddy said, the chief minister asked his colleagues to take the ensuing polls to the Greater Hyderabad Municipal Corporation (GHMC) seriously. He said the ruling Congress party should win all 150 seats in the municipal body as the government has undertaken development schemes in the state capital at a cost of Rs.5,551 crore during the last five years.
