MMD Mining Machinery Developments in the UK has laid the foundation stone for its new production unit at Sri City Special Economic Zone in Andhra Pradesh. The company's Indian subsidiary MMD (India) to handle the production unit. The company will initially invest Rs 100 crore in this project and will offer employment to 200 people. The company offers mineral sizers, heavy duty apron plate feeders, caterpillar chains and rollers, and sizer stations.
Tag: Andhra Pradesh
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AP to get 130 cyclone shelters
With financial assistance of the World Bank, a total of 130 cyclone shelters are being built in Andhra Pradesh, 17 of them in Visakhapatnam district. The National Disaster Management Authority (NDMA) announced this in Visakhapatnam on October 17 after visiting the cyclone-hit areas in the state.
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Visakha Co-op Bank to open 3 new branches
In Andhra Pradesh, Visakhapatnam Co-operative Bank has 32 branches and now it is set to open three more branches in the State. It plans to further expand operations by 2016, its centenary year.
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Plea to shift proposed major port to Ramaiahpatnam
Businessmen in Ongole in Andhra Pradesh have urged the Union government to establish the proposed major port at Ramaiahpatnam of Prakasam district instead of Dugarajapatnam in Nellore district. The businessmen claimed that the major port was originally planned at Ramaiahpatnam and appealed to the Centre not to shift it to Durgarajapuram.
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AP to get another major port at Rs 9,600 cr
On the proposed major port at Dugarajapatnam in Nellore district of Andhra Pradesh, RITES has submitted a feasibility report. The port is planned to be built at an estimated cost of Rs 9,600 crore.
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India to build its first oil storage facility soon
ndia will build its first strategic oil storage facility by January, Union Oil Minister M Veerappa Moily said. India, which is 79 per cent dependent on imports to meet its crude oil needs, is building underground storages at Visakhapatnam in Andhra Pradesh
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AP bandh hits work at Kakinada ports
Agitation demanding the Centre to keep Andhra Pradesh united has hit operations at the two ports — the old anchorage port and also the new deepwater port in Kakinada in the coastal area of the state. On Septebmber 24, a bandh call was given by AP NGOs’ Association and the joint action committee for preserving the unity of Andhra Pradesh.
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AP attracts lion’s share in port investments
Andhra Pradesh has claimed that it has surpassed Gujarat in attracting private investments in the port sector during the first six months of the current fiscal. This was stated by K Pradeep Chandra, the Commissioner for Industrial Promotion, Industry and Commerce Department of the State.
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Vizag port offers sops to customers to beat competition
Private ports in Andhra Pradesh are giving a tough competition to the government-owned major port, Visakhapatnam or Vizag port. Gangavaram and Krishnapatnam are the two private ports in the state's east coast and their competition has caused a fall in Vizag airport's iron ore exports in recent times. Visakhapatnam port is mainly dependent on bulk cargoes. However, Gangavaram port is grabbing a sizable chunk of cargo of Vizag port's business.
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Project bonanza in offing with rail land leases
Rail Land Development Authority (RLDA) has prepared an action plan for fast tracking the development of 75 multi-functional complex (MFC) sites in current year for which bidding process is being initiated in phases.