A Newer version of Cyberabad Times is now available.

Vizag to get to get $10 bln Investment

The Prime Minister, Dr Manmohan Singh, said that Visakhapatnam has the potential for becoming one of the locations for the mega Special Economic Regions being promoted by the Union Government.

At a public meeting in the municipal stadium here on Saturday, the Prime Minister said the Union Government was having discussions with foreign investors on setting up the mega Special Economic Regions. "By developing Visakhapatnam as a mega Special Economic Region, investments worth $10 billion can be attracted. We will support the efforts of the State Government in developing this region," he said.

He launched the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) here. Drinking water schemes and drainage works would be taken up. Visakhapatnam had been sanctioned Rs 100 crore under the scheme. There were proposals for schemes worth Rs 200 crore more.

He promised to consider inclusion of the Visakha-Bheemili beach road project in the JNNURM and to look into the pleas to construct an international airport and provide Mass Rapid Transport System for the city.
Email article Print article Timeline

Did you know? Your rating actually effects the news aggregated. Please rate and make this site serve you better!

Related tags

loadingLoading Tags...

Headlines

Live Weather

Drag widget

Picture of the day

Drag widget

Market Watch

Drag widget

Horoscopes

Drag widget