Competition for hinterland set to increase in the East Coast with Andhra Pradesh commencing work for setting up three more sea ports

Three new Sea Ports covering the entire coast of Andhra Pradesh would be set up by the state government besides promoting an intenational airport near Visakhapatnam, a top ministerial functionary of the Andhra Pradesh government announced here

Work on three new sea ports would commence shortly at Ramayapatnam, Machilipatnam and Bhavanapadu, the state minister for industries and commerce Mekapati Goutham Reddy said. The state government is focusing on development of infrastructure to ensure the development of two decades within the coming three years is achieved in Andhra Pradesh, he asserted

Delivering the keynote address in the webinar organised by the Indian Construction Equipment Manufacturers Association (ICEMA) along with the Confederation of Indian Industry (CII) , the minister said that the government was setting up three seaports, an international airport at Bhogapuram and upgrading airports in Vijayawada and Tirupati

 25 billion US Dollar investment is planned in ports

A sum of 25 billion US Dollar investment is planned in ports, fishing harbours, airports, industrial estates, coastal roads,  and water ways. Many initiatives are being taken by the State’s young and progressive leadership for inclusive growth.”

“Andhra Pradesh offers vast opportunities for investors in the infrastructure sector,” he said, adding the government has micro and macro level planning for accelerating growth, developing infrastructure and bringing convergence.

He also explained the government’s plans for building the required roads for port connectivity.

Referring to Visakhapatnam-Chennai Industrial Corridor, he said that many sector-specific industrial clusters would be created for driving the growth. The new industrial policy, launched recently by the government, will help stabilise the existing industries to overcome challenges of COVID-19,” he said.

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