Financial Daily from THE HINDU group of publications
Monday, Apr 25, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Logistics - Shipping


DCI urged to suggest site for ship-breaking units

Our Bureau

Rajahmundry , April 24

THE Dredging Corporation of India, based at Visakhapatnam, has been requested by the Andhra Pradesh Government to suggest a suitable site for setting up ship-breaking units and currently two sites are under consideration, one at Kakinada and the other at Odalarevu, according to Mr B. Satyanarayana, Minister for Major Industries.

At a press meet here on Sunday, the Minister said the Government had taken cognisance of the apprehensions expressed by environmentalists over the proposed ship-breaking units and referred the matter to the DCI to suggest a site.

The Andhra Pradesh Pollution Control Board would study all aspects of the activity and a decision would be taken only after obtaining all clearances on that count.

He said the State Government had sent to the Union Government a proposal for setting up a special economic zone near Kakinada and a steel plant with an investment of Rs 8,000 crore was also under consideration.

He said an industrial estate on a 400-acre site would be set up at Velugubanda near here and the Andhra Pradesh Pollution Control Board clearance was awaited. He said there were 48 dyeing units in the small-scale sector at Rajahmundry and they would be relocated due to pollution problems.

Mr Satyanarayana said negotiations with Volkswagen were at an advanced stage for setting up a car-manufacturing unit at Visakhapatnam and in all probability the agreement might be signed in the second week of May.

"We hope to clinch it in May", he said.

He said that during 1995-2000, the State attracted Rs 11,000 crore of investment, but it had slumped to Rs 4,300 crore during 2000-2005.

"In the next five years, we aim to attract Rs 15,000 crore of investment into the State. We will give all the requisite incentives and subsidies to the industry," he added.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Rail collision prevention priorities — Consider alternatives to Suraksha Kavach first


NMPT personnel honoured
Tirupati priests to bless Kingfisher aircraft
Freight market dips, but shipping firms buoyant
DCI urged to suggest site for ship-breaking units
Paradip users have best connectivity deal
SCR remodels stations in Nellore region
Steel is Railways' top freight earner


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line