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Mega chemical complex for Vizag

Special Correspondent

15,000 acres of land earmarked for the project, says Chief Minister



GETTING INTO THE BUSINESS: Chief Minister Y.S. Rajasekhara Reddy flanked by M.K. Patodia, CII-Andhra Pradesh chairman (left), and K.T. Chacko, DG, Foreign Trade, at a conference on export excellence in Hyderabad on Tuesday. Principal Secretary, Indus tries, Lakshmi Parthasarathy is also seen. - Photo: Satish H.

HYDERABAD: Chief Minister Y. S. Rajasekhara Reddy on Tuesday announced plans for setting up a mega chemical complex on a sprawling 15,000-acre site at Visakhapatnam as part of the Government effort to give a boost to industrial development.

Inaugurating a two-day conference on export excellence organised by the State chapter of the Confederation of Indian Industry (CII) here, Dr. Reddy said the complex would be promoted jointly by the State and Central Governments to attract foreign direct investment in the chemical sector. The Government had already earmarked the land required for the purpose.

He said the Government was also keen on promoting an exclusive special economic zone for garments in Visakhapatnam and was planning to allot 1,000 acres for the purpose. Besides encouraging the cluster concept to make the industry globally competitive, the Government was committed to providing an incentive framework to facilitate the development of special economic zones to address the needs of developers and entrepreneurs. Recalling that the Government had signed an MoU with the ONGC and other gas majors in the country for setting up a world-class refinery at Kakinada, he said it was simultaneously exploring modalities for establishing an exclusive gas grid for the State. Andhra Pradesh had shown tremendous growth in exports during the past couple of years achieving total exports of Rs. 17,974 crores during 2004-05 against Rs. 15,381 crores during the previous year.

Target set

In his keynote address, Director-General of Foreign Trade K.T. Chacko said that the Government had set a target of doubling its merchandise by 2009. Towards this end, strategies for unshackling the controls, simplifying the procedures and making exports/imports customer-friendly by bringing down transaction costs were being worked out. The department was also considering approaching the Centre for taking steps to ensure refunding of the State specific duties levied on exporters. State Industries Department Principal Secretary Lakshmi Parthasarathy briefed the participants about setting up of an exclusive exports cell in the department for speedy processing of the clearances.

CII State chapter chairman M.K. Patodia welcomed the delegates while Major Industries Minister J. Geeta Reddy and others spoke.

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