The Hindu : Andhra Pradesh News : Accord on port by January-end

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Monday, Dec 17, 2007
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Andhra Pradesh

Andhra Pradesh

Accord on port by January-end

Correspondent

MACHILIPATNAM: The State Government will enter into an agreement with the Maytas Infra Private Limited, the firm that has been given the contract for developing the Machilipatnam port, by January-end after the Cabinet clears the proposal, according to Major Industries Minister J. Geetha Reddy.

Addressing a meeting after laying the foundation stone for an Imitation Jewellery Park at Pothepalli near here on Sunday, Ms. Reddy brushed aside reports that the Government was going back on the proposal to develop the port. Chief Minister Y.S. Rajasekhara Reddy had given a definite commitment in this regard, and the port would be developed at the earliest, she asserted. She said several power industries, including a 1,000-mega watt power plant by Maytas, a 2,000-mega watt plant by the NTPC and the AP Genco and another 1,000-mega watt plant by Gayatri, would come up near the port once it was fully developed. In addition, a paper mill would also come up.

Ms. Reddy complimented the local manufacturers of imitation jewellery for coming together for an industrial park. APIIC Chairman and Managing Director B.P. Acharya said that the park would provide employment to 40,000 people. A common facility centre had also been granted here.

Badiga Ramakrishna, MP, was also present.

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