Committee proposes Rs 4.5 Lakh Crore package for AP

Committee-proposes-Rs-4.5-LFor the comprehensive economic development of Andhra Pradesh, the Sivaramakrishnan committee proposed a package of Rs 4.5 Lakh Crore.

Based on the agreements contained in the Andhra Pradesh Reorganisation Act (2014) and various statements made by the state government, the committee proposed the package.

The two major projects, Visakhapatnam-Chennai industrial corridor and proposed IT Investment Region and Electronic Manufacturing Clusters requires widespread enlistments to attract the private investors.

“It is clear from this very broad estimate, that there is a pressing need to develop considerable capacity to structure, manage and regulate PPP investments within the overall estimate for buildings for the Capital zone is about Rs. 10,500 crores,” said the report.

The report has also indicated that acquiring land is the biggest constraint for the government. The state authorities look for a potential land that can be scaled up to 5,000- 10,000 acres to set up the state assembly.

The basic Land Acquisition process would take between 3 to 4 years to implement, without any administrative delays under Land Acquisition, Resettlement and Rehabilitation act (LARR).

Medaram Jathara

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