Sunday, November 26, 2006

AP working on aerospace SEZ, foundry park


Our Bureau

Applies to the Centre for clearance of proposal

Hyderabad , Nov. 23

Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) is in
the process of setting up a special economic zone (SEZ) for aerospace
industries focussing on MRO (maintenance, repair and overhaul) near the
upcoming Greenfield International airport.

The State has applied to the Centre for clearance of the proposal as
many companies have evinced interest in locating such units in the
State. Land near Nadragul and Adabatla has been identified for the SEZ
and the APIIC, which is the nodal agency, may invest up to Rs 250 core
in the project, once the Centre's clearance is received. The matter is
slated to come up in the next meeting.

While the project will require about 500 acres, Mr Kota Harinarayana,
former Director of LCA project, will be the advisor for this SEZ.

Science city

Speaking at a meeting hosted by the small-scale industries (SSIs), the
Chief Minister, Dr YS Rajasekhara Reddy, said the State had plans to
establish a Science City about 100 km from Bangalore City in the
Anantapur district, which would be spread across a 1,000-acre area, and
a Foundry Park, at Lakdaram in Medak near Hyderabad.

It is estimated that there are about 1,000 SSIs which could contribute
to the automotive industry and the APIIC is in the process of
identifying about 200 acres for the Foundry Park and invest about Rs 100
crore. This would potentially help attract automotive companies to the
State, it is felt.

Earlier, handing over awards to some of the successful entrepreneurs in
the State, Dr Reddy said SSIs have contributed significantly to the
growth of several sectors in the State and have traditionally helped
generate employment.

SSIs need special care and support and that the State would do its best
to help them, both by providing necessary infrastructure and also bring
down power tariffs.

Already, the State has brought down power tariff to the industrial
consumers and plans to bring it down further from April 1, 2007, aimed
at providing an attractive investment climate, he said.

The State Industries and Commerce Secretary, Ms Y. Sreelakshmi, said the
State is working towards a cluster development approach for SSIs and is
close to finalising a marketing policy framework for SSIs.

http://www.thehindubusinessline.com/2006/11/24/stories/2006112401552100.htm

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