Prime Minister Narendra Modi on Wednesday, laid foundation stone and inaugurated development projects of Rs 2.08 lakh crore in Visakhapatnam, Andhra Pradesh. According to a press release, the projects include India’s largest green hydrogen hub, South Coastal Railway zonal headquarters, Krishnapatnam industrial node and bulk drug park.
“The infrastructure revolution in Andhra Pradesh, with better connectivity and facilities, will transform the state’s landscape. This development will enhance ease of living and ease of doing business, forming the foundation for Andhra Pradesh’s $2.5 trillion economy”, said PM Modi.“The Union government was working shoulder to shoulder with Andhra Pradesh to achieve every goal and added that the central government was giving special priority to Andhra Pradesh in projects worth lakhs of crores,” he added.
Details of the projects include:
- Green Hydrogen Hub: The first green hydrogen hub under the national green hydrogen mission, the state-of-the-art NTPC green energy limited green hydrogen hub project, was inaugurated at Pudimadaka, close to Visakhapatnam.
Cost: The project will cost approximately Rs 1,85,000 crore. This includes investment in 20 GW renewable energy capacities, making it one of India’s largest integrated green hydrogen production facilities with a capacity of producing 1500 TPD green hydrogen and 7500 TPD green hydrogen derivatives including green methanol, green urea and sustainable aviation fuel, primarily targeting the export market. The project will contribute substantially in achieving India’s non-fossil energy capacity target of 500 GW by 2030.
- Road and Railway project: The foundation stone was laid for South Coast Railway Headquarters in Visakhapatnam, among other projects. These initiatives will boost regional social and economic development, lessen traffic, and increase connection.
Cost: The cost of these projects are over 19,000 crore.
- Bulk Drug Park: The Bulk Drug Park will create thousands of jobs while helping accelerate economic growth due to its proximity to the Visakhapatnam-Chennai Industrial Corridor (VCIC) and Visakhapatnam-Kakinada Petroleum, Chemical and Petrochemical Investment Region.
- Krishnapatnam Industrial Area (KRIS City): The National Industrial Corridor Development Program’s flagship project, the Krishnapatnam Industrial Area (KRIS City), aims to create a greenfield industrial smart city.
Cost: Around Rs 10,500 crore in manufacturing investments are expected to be drawn to the project, which is also expected to generate about 1 lakh direct and indirect jobs, greatly improving livelihoods and advancing regional development.
