Andhra Pradesh

GMR Infra, GIIC ink MoU for Kakinada SEZ 

GMR Infrastructure Ltd. has signed Memorandum of understanding (MoU) with Guizhou International Investment Corporation (GIIC) for developing Kakinada special economic zone (SEZ) in Andhra Pradesh.

On behalf of GMR Infrastructure Ltd. the MoU was signed by its subsidiary Kakinada SEZ (KSEZ) Pvt. Ltd- President Challa Prasanna in the presence of Prime Minister Narendra Modi and GMR founder Grandhi Mallikarjuna Rao in Beijing, China.

The MoU seeks to set up industrial park for Chinese high-end equipment manufacturing companies in Kakinada SEZ (KSEZ). In this regard, a consortium of three Chinese manufacturing firms- GIIC plans to set up 2,000 acres industrial park.

It should be noted that KSEZ is a port-based multi-product special economic zone, spread over about 10,500 acres.

The fully developed facility by KSEZ and GIIC will in turn generate over 5,000 jobs for both skilled and unskilled workers.

For developing the infrastructure and various facilities of the industrial park GIIC will invest $500 million. In addition, Chinese companies setting up units at the park will invest $ 2-3 billion on their operations over five years.


Andhra Pradesh and Telangana introduce 5 lakh rupees Accident Insurance Scheme for transport drivers

Andhra Pradesh and Telangana states have jointly launched a new five-lakh rupees Accident Insurance Scheme for transport drivers.

The scheme came into on 1 May 2015 coinciding with the May Day (International Labour Day).

It was formally launched by Andhra Pradesh Chief Minister Chandrababu Naidu at Rajhamundry while Telangana Chief Minister Chandrasekhara Rao made the announcement in Hyderabad.

Under the Accident Insurance Scheme

  • The registered transport drivers will get a Rs 5 lakh insurance cover.
  • The enrolled will get an accident death insurance of Rs 2 lakh under the Pradhan Mantri Bima Suraksha Yojana by opening a Jan Dhan Yojana account.
  • While the insurer will give Rs 3 lakh for which both states government will ink a MoU.
  • This scheme apart from providing monetary insurance will also cover education of two children of the beneficiary.

The Transport drivers have to register their names on a specified portal named to facilitate the initiatives. The Labour Department will issue Smart cards to all those who are registered under the scheme.

Under this programme, about 11 lakh transport drivers and journalists in the two Telugu states will be benefited. About 16 thousand Home Guards in Telangana will also be benefited by the scheme.


Andhra Pradesh Government inks MoU with IISL Company to replace streetlights in 13 municipalities with LED lights

Andhra Pradesh Government has signed a Memorandum of Understanding (MoU) with the IISL Company to replace the existing streetlights in 13 municipalities with LED lights in the state.

MoU was signed by Minister for Municipal Administration and Urban Development P. Narayana and IISL’s representatives in Amaravati, the new capital state.

As per the agreement, IISL will maintain replace and maintain LED streetlights in the 13 municipalities for seven years.

The all existing streetlights in all the municipal corporations and municipalities will be changed to LED streetlights in a phased manner.

By installing LED streetlights, state government aims to reduce the power consumption by 50 per cent.