Latest news with #N.Yuvaraj
The Hindu
14-07-2025
- Business
- The Hindu
A.P. govt. to guarantee for ₹1,000-crore loan for developing seven airports
The Andhra Pradesh government on Monday agreed to give guarantee to the Andhra Pradesh Airports Development Corporation Limited (APADCL) for obtaining ₹1,000 crore as loan to undertake the development of airports at Kuppam, Dagadarthi and Srikakulam —for land acquisition and external infrastructure creation— and Amaravati (for external infrastructure), and to extend Viability Gap Funding (VGF) support for airports and clear the urgent pending liabilities of the APADCL. The G.O Ms. No.8 issued by Secretary (Infrastructure & Investment- Airports) N. Yuvaraj said that the government intended to develop eight greenfield airports at Srikakulam, Bhogapuram, Tuni-Annavaram, Tadepalligudem, Ongole, Kuppam, Dagadarthi and Nagarjuna Sagar, besides operationalising the international airport at Bhogapuram, for enhancing air connectivity and supporting regional economic growth. The government also desired to establish a greenfield international airport at Amaravati. In response a proposal made by the APADCL MD in this regard, the government accorded in-principle administrative sanction for ₹1,570.64 crore to acquire land for developing the above airports. It also directed the MD to approach financial institutions for mobilising the funds. Accordingly, the MD submitted that the development of Kuppam, Dagadarthi, Srikakulam and Amaravati airports was being taken up under Phase - 1. It was further mentioned that the Techno-Economic Feasibility Report (TeFR) study has been completed for Kuppam and Dagadarthi airports, while the same is in progress for the remaining two airports. The MD sought 'shortfall government guarantee' for securing ₹1,000 crore loan from the HUDCO for developing the airports.
The Hindu
07-07-2025
- Business
- The Hindu
Andhra Pradesh government releases final master plan for Orvakal Node under Hyderabad
The Andhra Pradesh government has notified the final master plan for the Orvakal Node under the Hyderabad–Bengaluru Industrial Corridor (HBIC), covering a total area of 9,719 acres. The notification was issued on Monday through G.O. Ms. No. 121 by Industries and Commerce Secretary N. Yuvaraj, following a resolution by the A.P. Industrial Corridor Development Authority (APICDA). As per the plan, 52% of the land—about 5,017 acres—will be earmarked for industrial development. The remaining 4,702 acres will accommodate residential, commercial, transportation, public and semi-public facilities, utilities, recreational zones, green spaces, and water bodies. The APICDA, constituted under the provisions of the APICD Act, 2017, along with its Board and Executive Committee, has been tasked with implementing the master plan. The Vice-Chairman and Managing Director of the A.P. Industrial Infrastructure Corporation Ltd (APIIC) had earlier requested the issuance of a Gazette notification declaring Orvakal as an industrial node under HBIC. Following this, the APICDA formally approved the declaration and the final master plan, paving the way for accelerated industrial development in the region.
The Hindu
11-06-2025
- Business
- The Hindu
Andhra Pradesh government constitutes task force to identify economic growth avenues
The Andhra Pradesh government has constituted a task force for industrial development in the State. In the G.O. 92 issued on Monday (June 9, 2025), Industries Secretary N. Yuvaraj said the government has constituted a Task Force on Economic Development for Swarna Andhra Pradesh@ 2047. Chief Minister N. Chandrababu Naidu has been appointed Chairman of the task force, while Tata Sons Executive Chairman N. Chandrasekaran will be the Co-Chairman. The task force members include CII Director General Chandrajit Banerjee and Apollo Hospitals Vice-Chairperson Preetha Reddy, Suchitra Ella, Prof. Raj Reddy, Satish Reddy, GMR Group Chairman G.M. Rao, Chief Secretary K. Vijayanand, L&T Chairman Subrahmanyan, and TVS Motor Company Chairman Venu Srinivasan. The G.O. said that the primary purpose of the task force is to prepare a blueprint for the economic growth and development of Andhra Pradesh. It will hold meetings and interactions with senior industry leaders, government functionaries and subject experts of various sectors. It will deliberate and consolidate their inputs and arrive at the framework of the report accordingly. The task force will identify economic growth avenues for Andhra Pradesh, infrastructure gaps, assess capital requirements, and evaluate the existing policy framework. It will suggest policy and regulatory reforms needed, including the key policies, to transform the State into Swarna Andhra Pradesh by 2047. The task force will make an econometric projection of the GSDP by 2030 and 2047. It will also prepare a comprehensive report at the earliest. The CII will facilitate engagement with the subject experts. The Secretary, Industry and Commerce Department and CEO, APEDB are the nodal Points of Contact (PoC) for facilitating the meetings of the task force and interactions of the CII and task force Members with the respective Secretaries.
