Live
- Osamu Suzuki had very close understanding with PM Modi: Maruti Suzuki Chairman
- Hyderabad Ranks as India’s Second Most Expensive Housing Market
- Study shows exercise key to managing chronic liver disease
- Share market ends in green, Sensex settles at 78,699
- Amit Shah’s visit to Odisha postponed
- 2025 will be no less transformative in its own way for Air India: CEO Campbell Wilson
- Celebrity Designer Sussanne Khan Rents an Apartment for Rs 2.37 lakh per month in Mumbai: Square Yards
- Greatest economist who shaped nation’s economy: K’taka Cong pays tributes to ex-PM Singh
- Gavaskar calls for Siraj to be dropped, says 'Be brutally upfront' with him
- Procurement of 8 harbour tugs reinforces our commitment to self-reliance: Karan Adani
Just In
Tirupati: Project at Mannavaram gets Centre's nod
- As power and commerce & industry ministries accord permission, process will start soon, says Tirupati MP Dr Gurumoorthy
- With this, a set of industries which manufacture lithium-ion batteries, semiconductors etc., will come up there, creating jobs
- The project will also boost economy of state by making it self-reliant
Tirupati: The most awaited Mannavaram project finally gets nod from the Union government. Tirupati MP Dr M Gurumoorthy, in an exclusive chat with The Hans India, said Mannavarram project will start soon and dreams for the residents of the parliamentary constituency will come true.
The MP said that Mannavaram project had got the approval from both commerce and power ministries. As per the MP, if everything goes on expected lines, all the necessary approvals from the Central government to make it an 'Electronic equipment manufacturing zone' may be in store within the next two months.
It is relevant to mention that Rs 6,000 crore NTPC-BHEL power project at Mannavaram near Srikalahasti in Chittoor district was sanctioned in 2007 and was considered a game changer in Rayalaseema region.
Former Chief Minister Dr YS Rajasekhar Reddy and then MP Dr Chinta Mohan were instrumental in getting the project to the district. It was meant to manufacture boilers, turbines and generators by two public sector majors, National Thermal Power Corporation (NTPC) and Bharat Heavy Electricals Limited (BHEL).
After several efforts by the local politicians, the operations were finally started in 2016 but failed to get orders for the products due to the declining trend in demand for thermal power equipment. Since then there was no progress and uncertainty on its existence was brewing. It has become one of the major issues in election manifestos of all political parties during the Lok Sabha elections in April 2021.
Soon after being elected, MP Gurumoorthy showed some interest in the project and finally succeeded in getting an alternative to over dated technological project. The MP told The Hans India, that it has been proposed to bring the project under production linked incentive (PLI) scheme and convert it into an electric equipment manufacturing zone.
Under this scheme, permissions will be given to manufacturing units of lithium-ion batteries, semiconductors and boards relating to the electrical cords. By developing these units, several industries can be established here, which can generate more employment opportunities than initially proposed NTPC-BHEL power project which was closed due to lack of demand for the products like turbines, boilers etc.
Gurumoorthy said that the proposal got clearance from Union power minister Raj Kumar Singh and minister for commerce and industry Piyush Goyal and is in further process now. "Once we get the formal approvals in the next two months, a set of industries can be established at Mannavaram. Chief Minister Y S Jagan Mohan Reddy and the industries minister M Goutham Reddy have been showing special interest in the project and pushing it forward," he said.
He added that the Central government wanted to accord such permissions at three locations in the country and with the constant pressure from the state government, Mannavaram could also find a place in that list. If it is revived as expected, it will be a boon to the region and can change its fortunes.
© 2024 Hyderabad Media House Limited/The Hans India. All rights reserved. Powered by hocalwire.com