Stage set for allotment of works under Krishnapatnam Node of CBIC DECCAN CHRONICLE.
Updated Jan 25, 2021, 11:52 pm IST
Time-frame has been fixed for every activity and 1% bonus is also being offered to successful bidder if works are completed before schedule
Phase -1 Activation Area of Krishnapatnam Industrial North Node covers about 2500 acres of land and the Master Plan is ready for the same. AFP
Nellore: The stage is set for calling EPC (Engineering, Procurement and Construction) bids for first phase works of Krishnapatnam Node under Chennai Bangalore Industrial Corridor at an estimated cost of Rs1200 crore.
The Industrial Corridor Programme of the central government is aimed at creation of greenfield industrial cities with sustainable, ‘plug-n-play’, ICT enabled utilities to facilitate investments into the manufacturing sector by providing quality, reliable, sustainable and resilient infrastructure to industries.
Our Aim Is To See Karnataka As Number One In Industrial Development Before We Complete Our Term: Industries Minister Jagadish Shettar
by Harsha Bhat - Jan 8, 2021 07:43 AM
Jagadish Shettar
Snapshot
The government is gearing to facilitate ease of doing business in Karnataka, says the stateâs Minister for Large and Medium Scale Industries, Jagadish Shettar.
This new wave of industrialisation will be a game-changer for the region and the state, he says.
Karnatakaâs plans to revamp its industrial landscape may have seen a slowdown as the Covid-19 pandemic struck but it is steadily on the path to recovery.
Recently, the central government announced the establishment of three major industrial corridors, of which one comes to Karnatakaâs kitty with Rs 1,701.81 crore sanctioned for Tumakuru.
The Union government on Wednesday gave its nod to two key proposals setting up a multi-modal logistics and transport hub (MMTH) at Greater Noida in Uttar Pradesh and industrial corridor nodes at Krishnapatnam (Andhra Pradesh) and Tumakuru (Karnataka). The logistics and transportation hubs are being planned with a view to making India a strong player in the global value chain. The industrial corridors would come up under the Chennai-Bangalore Industrial Corridor (CBIC) project. The proposals have a total estimated cost of Rs 7,725 crore and an estimated employment generation of more than 280,000 persons, I&B Minister Prakash Javadekar said in a briefing.
Second Japan industrial township in Andhra Pradesh
Industries Minister Mekapati Goutam Reddy rolled out a red carpet for Japanese firms to invest in the State.
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| A+A A- By Express News Service
VIJAYAWADA: Industries Minister Mekapati Goutam Reddy rolled out a red carpet for Japanese firms to invest in the State.The State will offer special fiscal incentive packages to Japanese companies setting up manufacturing facilities in Japan Industrial Township, especially for companies shifting bases from China along with their suppliers, he said.
“We have set up a dedicated Japan Desk to handhold and facilitate Japanese businesses into AP,” he said, revealing that another Japan Industrial Township will be established in the State. Similarly, a Japanese Enclave will be constructed in 10 lakh square feet in Visakhapatnam.