Andhra planning industrial city to attract Japanese investors
news Thursday, February 05, 2015 - 05:30
The News Minute | February 5, 2015 | 8:15 am IST Andhra Pradesh is planning a separate industrial city to attract investments from Japan Chief Minister N. Chandrababu Naidu said on Wednesday during a meeting with officials of the Japanese International Cooperation Agency (JICA). They discussed possible areas of support by JICA to Andhra Pradesh, a statement from the chief minister's office said. JICA officials said they will complete master plan of Vizag-Chennai Industrial Corridor (VCIC) by March 2015. Naidu told officials that JICA can assist the state government in detailed master plan for the state capital beyond core capital region. He added that Japanese investors could also support in the Centre's Sagarmala project (from Vizag to Kakinada) and develop the state into a logistics hub. The chief minister also asked the JICA to focus on integrated development especially from Krishnapatnam to Chennai. To this, JICA officials said the agency can facilitate accelerated cooperation with ASEAN. Japanese officials told the chief minister that JICA was keen on supporting development of smart cities and on technology transfer to MSMEs. Naidu said collaboration could be worked out through the Joint Task Force comprising officials from the governments of Andhra Pradesh and the government of Japan. A follow-up visit of the chief minister to Japan will be planned shortly. IANS Tweet Follow @thenewsminute
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