AP to Develop Hyderabad-Vijayawada-Vizag industrial corridor

September 14, 2007	(Be the first to rate this story!)  Loading ...
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The Andhra Pradesh Government is considering developing Hyderabad-Vijaywada–Visakhapatnam Growth Corridor (HVVGC) to boost industrial growth in Hyderabad, Nalgonda, East Godavari, Vizag, Krishna, and Ranga Reddy.

The proposed project will also include three other districts – Guntur, Kammam, and Warangal. The state government has identified six area specific industrial centers stretching over 10,000 hectares to garner investments up to Rs 8,000 to Rs 10,000 crore, thereby generating a large plethora of job opportunities.

These industrial hubs have been identified on the basis of the potential for growth and inherent strengths of different locations in the influence area.

Apart from developing an array of infrastructure facilities, the project will bring high speed rail/road connectivity along the corridor with feeder road linkages. It would involve a large investment of Rs 15,000 crore in the first phase.

Since Andhra Pradesh has secured a position among the five progressive economy States in India contributing around seven per cent of national economy, the state has become one of the most preferred investment destinations.

News Published Under:   Real Estate India |