Infrastructure News

Infra Projects To Drive Ap’s Next Wave Of Growth, Infra News, ET Infra

AMARAVATI: AP is visualising its next wave of growth to be driven by mega infrastructure projects.

The state government has readied a blueprint to make the most from the three upcoming national industrial corridors in the state — Visakhapatnam-Chennai industrial corridor (VCIC), Chennai-Bengaluru industrial corridor (CBIC), and Hyderabad-Bengaluru industrial corridor (HBIC).

Interestingly, AP is the only state in the country to have three industrial corridors passing through it. The state government wants to showcase the strength of the proposed industrial nodes in close proximity to various demand centres (Chennai, Bengaluru, Hyderabad) by promising to provide good connectivity from the ports to hinterland.

“These corridors are going to become hubs for industrial growth for decades to come. With a focus on getting more investments, CM Jagan Mohan Reddy has decided to develop a dedicated industrial water supply grid with uniformity in pricing. He has directed to give special emphasis to all identified nodes of the three industrial corridors for developing an water supply network,” said finance minister Buggana Rajendranath.

He said that AP stands out in the path it has chosen for growth and development with commitment, credibility, transparency and trust as the cornerstones to bring balanced development to improve the lives of its people.

“The focus is to bring in an era of sustainable development and high economic growth. The government has planned industrial activity around Krishnapatnam port and large industrial nodes, which include Chittoor node (VCIC) and Krishnapatnam node (CBIC) which will provide innumerable investment opportunities across a range of sectors — auto, building materials, food processing, electronics, textiles, and machinery,” said special chief secretary (industries) Karikal Valaven.

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