Insta
Kakinada: Groundbreaking Ceremony For Greenfield Commercial Port Held By GMR
(@FestSerendipity/Twitter)
The groundbreaking ceremony for a greenfield commercial port near Kakinada in Andhra Pradesh was held by GMR Kakinada Gateway Port, a part of GMR group, on Friday.
The ceremony’s foundation stone was laid by Andhra Pradesh (AP) Chief Minister Chandrababu Naidu, and a Memorandum of Understanding (MoU) was signed between the AP government and Haldia Petrochemicals for a refinery/petrochemical project in Kakinada Special Economic Zone (SEZ) with an investment worth Rs 60,000 crore. Five lakh jobs are estimated to be generated by the refinery/petrochemicals complex, reports Economic Times.
The proposed petrochemical and refinery project is said to provide a fillip to the port, with significant liquid cargo traffic. The region is expected to be developed by GMR on the lines of Jurong Industrial Cluster in Singapore and Houston of the United States.
Furthermore, the Kakinada SEZ Industrial Park has been receiving inquiries from numerous worldwide companies from countries like Korea, Taiwan, and China regarding sectors that include food processing, solar equipment manufacturing, chemicals, petrochemicals, glass & ceramics manufacturing and toys & textiles.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
