NRIs contribute to Andhra development projects
Govt has set up Andhra Pradesh Development Council of America (APDCA) to attract NRI and American investors.india Updated: Oct 16, 2005 23:10 IST
Non-Resident Indians (NRI) hailing from Andhra Pradesh have come forward with generous contributions to the development schemes in the state, as the government steps up efforts to tap potential investors among them.
The state government has set up Andhra Pradesh Development Council of America (APDCA) to attract potential NRI and American investors. Mallu Ravi, special representative of Andhra Pradesh government in Delhi, formally launched the council Saturday at Long Island, near New York city.
Donations started pouring in after the inaugural session of APDCA, said an official statement here.
Surapaneni Rajanikanth, a physician, announced Rs.5 million towards eye care for the poor and deserving patients in the state. Paila Malla Reddy, also a physician, announced $5,000 towards relief and rehabilitation of cyclone victims in the state. Srikant Aitharaju of Dataformix Technologies Inc. and Srihari Vutukuri of Lorven Pharmacy announced $1,016 towards cyclone relief.
Meanwhile, Chief Minister YS Rajasekhara Reddy on Sunday directed his officials to highlight the developmental works undertaken by the state government during the APDCA convention.
The development projects include a plan to complete 26 irrigation projects and four other projects with an estimated cost of Rs.460 billion. These projects would irrigate 8.67 million acres of land and generate 1,700 megawatts of power.
Reddy said the state government planned to make use of natural gas available in the Krishna Godavari basin for the development of industries. He also stressed on creating port-based special economic zones connected by natural gas grid, infrastructure development for setting up of industries through public-private partnership.
First Published: Oct 16, 2005 22:54 IST