Company submits proposals to set up the facility at Machilipatnam port area
The Container Corporation of India (CCI) has come up with proposals for the establishment of an Integrated Logistics and Manufacturing Zone (ILMZ) in Machilipatnam port area.
A Memorandum of Understanding for it was signed at the CII Partnership Summit held at Visakhapatnam last year.
Company Chairman and Managing Director V. Kalyana Rama submitted the proposals to Chief Minister Nara Chandrababu Naidu at the Interim Government Complex at Velagapudi on Friday.
While instructing the officials concerned to set the process of obtaining clearances in motion immediately, Mr. Naidu said the Machilipatnam port was poised to play a critical role in the export of paddy and other agricultural products in about 200 kilometres of the hinterland and importing massive quantities of fertilizers required by the crops grown in nearly 21 lakh acres.
The ILMZ was planned to be developed in 1,000 acres by combining rail, road and port infrastructure.He said the port was easily accessible to both the Telugu States and its development was therefore given priority. As part of the project, the CCI would initially set up a logistics park in 300 acres at an estimated cost of Rs. 200 crore.
It is expected to facilitate the entry of agri-processing, automobile manufacturing, granite, electronics and aquaculture industries.
Machilipatnam MP Konakalla Narayana, Principal Secretary (infrastructure and investments) Ajay Jain, Additional Secretary (CMO) A.V. Rajamouli and others participated in the deliberations.
Source: The Hindu