It is reported that Mr K Rosaiah chief minister of Andhra Pradesh said the union government is keen on supporting industrial growth in Andhra Pradesh by providing huge funds for the expansion of Vizag Steel Plant and establishing the BHEL-NTPC plant at Mannavaram in Chittoor district.
While inaugurating the TG Venkatesh Bhavan and Atluri Koteswara Rao Memorial Hall at the Andhra Chamber of Commercey, Mr Rosaiah said that state would witness rapid industrialization with the expansion of Vizag Steel Plant with an investment of INR 9,000 crore. Around INR 6,000 crore will be invested in the Mannavaram project.
He added that “After the establishment of the steel plant in Vizag, no other industry in public sector has been established in the state. With the initiative of late chief minister YS Rajasekhar Reddy, BHEL-NTPC project is being set up in Chittoor. It is a great achievement for the state. The Prime Minister, Dr Manmohan Singh will visit the state very shortly for setting the foundation stone for the project.”
Mr Rosaiah said the government will continue to adopt industry friendly policies.
(Sourced from www.steelguru.com
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