CM Revanth Reddy Initiates Strategic Plan for Industrial hub
ECONOMY & POLICY

CM Revanth Reddy Initiates Strategic Plan for Industrial hub

Chief Minister A. Revanth Reddy has instructed relevant authorities to identify land parcels spanning 500 to 1,000 acres between the Outer Ring Road (ORR) and the proposed Regional Ring Road (RRR) for the development of new industrial clusters. These lands should be situated within a distance of 50 to 100 km from the international airport and national/State highways. The Chief Minister issued these directives during a meeting with senior officials focused on industrial development in the State.

He emphasized that the lands earmarked for industrial development should be arid and non-cultivable to safeguard farmers from losses and minimize the potential for pollution, while also being positioned away from residential areas. Acquiring such lands would not only reduce costs but also garner support from farmers for the government's initiatives.

The Chief Minister further instructed concerned officials to provide information on the extent of lands allocated for industrial setups and the remaining unutilized land. Officials were tasked with submitting a comprehensive report on the allocated land's status in various areas, the number of industries established, and their current status.

The government places a premium on decentralizing industrial development and encourages prioritizing non-polluting units. Simultaneously, officials were urged to propose alternatives to industrial clusters in Nacharam, Jeedimetla, and Katedan within the Greater Hyderabad Municipal Corporation (GHMC) limits. Mr. Revanth Reddy inquired about the status of IDPL lands and requested a detailed report on the matter.

Additionally, officials were directed to explore best practices from the Middle East and Europe for establishing bulk drug units. Efforts should be made to ensure that new industrial units utilize solar energy instead of conventional thermal power.

Chief Minister A. Revanth Reddy has instructed relevant authorities to identify land parcels spanning 500 to 1,000 acres between the Outer Ring Road (ORR) and the proposed Regional Ring Road (RRR) for the development of new industrial clusters. These lands should be situated within a distance of 50 to 100 km from the international airport and national/State highways. The Chief Minister issued these directives during a meeting with senior officials focused on industrial development in the State. He emphasized that the lands earmarked for industrial development should be arid and non-cultivable to safeguard farmers from losses and minimize the potential for pollution, while also being positioned away from residential areas. Acquiring such lands would not only reduce costs but also garner support from farmers for the government's initiatives. The Chief Minister further instructed concerned officials to provide information on the extent of lands allocated for industrial setups and the remaining unutilized land. Officials were tasked with submitting a comprehensive report on the allocated land's status in various areas, the number of industries established, and their current status. The government places a premium on decentralizing industrial development and encourages prioritizing non-polluting units. Simultaneously, officials were urged to propose alternatives to industrial clusters in Nacharam, Jeedimetla, and Katedan within the Greater Hyderabad Municipal Corporation (GHMC) limits. Mr. Revanth Reddy inquired about the status of IDPL lands and requested a detailed report on the matter. Additionally, officials were directed to explore best practices from the Middle East and Europe for establishing bulk drug units. Efforts should be made to ensure that new industrial units utilize solar energy instead of conventional thermal power.

Next Story
Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

Next Story
Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

Next Story
Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000