USD 500 MILLON IN AP
The SIPB cleared four proposals of Shahi Exports Pvt Ltd, which is one of the largest garments export house in India. The company proposes to set up four garmenting units in Kuppam, Palamaner, Hindupur and Chittoor with an investment of about Rs 150 crore. These units will create employment to 11,000 people. Naidu directed the officials to set up an Economic Development Board (EDB) to oversee industrial clearances and for development of various sectors. The ECB will give industrial clearances through a single desk.
The chief minister asked them to give faster clearances for land, offer tax incentives and other benefits to industries. He suggested the officials to also set up an Escort Executive Committee that will supervise, monitor and track the progress of environmental clearances of industries, said an official statement.
Naidu asked officials to implement the decisions taken during his visits to Japan and Singapore. These include setting up Japan Desk and also working on introducing Japanese language in the state’s universities.
The chief minister laid out a plan to develop a four-lane road along the coast between Visakhapatnam and Kakinada. He also said that a canal linking Godavari River be created alongside this four-lane road in order to channelize the water to Visakhapatnam.
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