Vizag Port to set up Rs 211 Crore MMLH
New Delhi, Dec 10 (INN): Union Minister of State for Commerce & Industry Nirmala Sitharaman on Wednesday informed that the Vishakhapatnam Port Trust has no plans to develop a port based EXIM park as of now.
However, the Union Minister said that a multi model logistic hub (MMLH) was being set up at the EXIM Park in the western sector of Visakhapatnam Port as a JV between VPT and Balmer Lawrie & Co. Ltd., (A Govt. of India enterprise) at an estimated cost of Rs.211.02 crores approved by Ministry of Shipping for which JV/Share holders agreement was signed between the parties.
The MMLH is being set up with an objective of creating infrastructure such as open/covered/bonded warehouses, cold storage and cold chain facility for domestic & Exim Cargo, CFS, facilities for parking, repacking, relabeling etc. of Exim Cargo. The project is expected to be commenced by January 2015 with expected completion by February 2016.
In her written reply in Rajya Sabha on Wednesday, the Union Minister also informed that the Department of Industrial Policy and Promotion (DIPP) has entrusted Asian Development Bank (ADB) for undertaking feasibility study of 'Vizag-Chennai Industrial Corridor (VCIC)'.
ADB has since submitted a draft 'final report' on Conceptual Development Plan (CDP) of VCIC. Two proposals for setting up of 'Mega Leather Cluster' in the State of Andhra Pradesh have also been received under Indian Leather Development Programme (ILDP) of this Department.
Under the erstwhile 'Growth Centre Scheme' of DIPP, central grant was released to three Growth Centres in Andhra Pradesh at 'Ongole', 'Bobbili' and 'Hindupur' and Full Utilization Certificates have been received from the State Government after completion of these Growth Centres.
No Growth Centre was sanctioned at 'Vemsoor'. However, it is pertinent to mention that the above mentioned growth centres are not related to recent initiatives of the Department as mentioned above since the Government of India discontinued the 'Growth Centre Scheme' with effect from 1st April, 2009.
Vishakhapatnam Export Processing Zone was established in 1989 at Duvvada, Vishakhapatnam. Later the same was converted into Vishakhpatnam Special Economic Zone in 2003, she said.
News Posted: 10 December, 2014
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