Industry chambers feel that the proposed Rs 8,000 crore major port in at Dugarajapatnam in Vakadu ‘mandal’ or block of Andhra Pradesh may boost export and import from the east coast and contribute to the economic progress of the state.
It may be noted that the Cabinet Committee on Economic Affairs recently cleared the proposed port project, which is coming up on a 5,000 acre land in the state. The foundation stone for the project may be laid in August 2013, reports suggest. It will have the capacity of 50 million tonne per annum.
The Federation of Andhra Pradesh Chamber of Commerce and Industry (FAPCCI) said the state had huge potential for exports including the agriculture products.
The chamber suggested that the new port should be the size of ports at Colombo, Dubai or Singapore so that big vessels can come directly from Europe, US and other destinations. This will reduce the cost in trans-shipment, the chamber feels.
The proposed port is also significant in view of the increasing trade among Asian countries. The ports on eastern coast will handle the exports and imports from southeast Asian countries.
Member of Parliament from Tirupati Chinta Mohan said the proposed port coupled with Chennai-Bangalore industrial corridor would give an impetus to industrial development in the region and the exports.
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