AP plans `strategic growth corridor` in coastal region

  • 25/12/2003

  • Business Line (New Delhi)

Aimed at transforming the Coastal Andhra region into a 'strategic growth corridor' that could attract investments of over Rs 20,000 crore, the Andhra Pradesh Government has firmed up major industrial development plans for the region that involves connecting the Gangavaram Port, the Pharma City and the AP Special Economic Zone (APSEZ) to the National Highway. Announcing this immediately after laying a foundation stone for the Jawaharlal Nehru Pharma City here on Saturday, developed by Ramky Pharmacity (India) Ltd of the Chennai-based Ramky Group, the AP Chief Minister, Dr Y.S. Rajasekhara Reddy, said the State Government is keen to accelerate the process of industrialisation of the Visakhapatnam region, mainly from Kakinada to Srikakulam.