FM visualises investment boom in Andhra Pradesh

Visualising an ''investment boom'' in Andhra Pradesh when the ten ongoing infrastructural projects worth more than Rs 40,000 crore are completed, Union Finance Minister P Chidambaram today said the Centre would replicate the review exercise, undertaken in Andhra Pradesh, in various state capitals.

Briefing newspersons after a review of the projects by Prime Minister Manmohan Singh with Chief Minister Y S Rajasekara Reddy, he expressed satisfaction over the progress of major projects.

Terming as ''fruitful'' the exercise of the Prime Minister himself coming down to a state capital and reviewing developmental activities for the whole day, Mr Chidambaram said such a review would be made in all states for focussed development.

The State Government made a detailed presentation of the projects in various sectors, including energy, urban development, land management and health, the Finance Minister said, promising to follow up pending project proposals with various Union Ministries.

The projects reviewed included the 4,000 MW Krishnapatnam power project, 520 MW Ramagundam power plant, Hindustan Petrochemicals Limited refinery project in Visakhapatnam, Grassroots refinery in Kakinada, Special Economic Zone in Kakinada, Petrochemicals and Refineries project in Visakhapatnam, expansion of the Vishakapatnam port, Mass Rapid Transit System (MRTS) for Hyderbad, Outer Ring Road and Express Highway to the new international airport in Hyderabad, he added.