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AP Cabinet nod for 4 private varsities
The state cabinet, which met here on Monday, cleared the decks for another four private universities and an Institute of Financial Management Research. Finance Minister Yanamala Ramakrishnudu at a media briefing said the move is expected to help the state attract investments worth over Rs 3028 crore.
Vijayawada: The state cabinet, which met here on Monday, cleared the decks for another four private universities and an Institute of Financial Management Research. Finance Minister Yanamala Ramakrishnudu at a media briefing said the move is expected to help the state attract investments worth over Rs 3028 crore.
Private universities which expected to establish their branches include RS Trust (VelTech), World Peace University (Maharashtra Academy of Engineering and Educational Research) and Great Lakes International University (Great Lakes of Institute of Management). Two of them will come up in Sri City and one each in Chittoor and Visakhapatnam.
It may be recalled that the government has already allotted 100 acres of land for four universities in the past such as VIT, Centurion, SRM and Amity Universities in Amaravati. The state government has passed the Private Universities Bill in the Assembly recently to pave the way for establishment of universities under private management.
The government proposed to establish World Class Integrated Food Processing complex at Makavaripalem in Visakhapatnam district under private management. The cabinet resolved to allot 115 acres to a private company for establishing the food processing complex.
It is also decided to allow a food park at Kothapatnam in Nellore district for refining 3,000 tonnes of sugar. A tourism corporation will be developed at Bhavani islands in Vijayawada.
A cabinet sub-committee was constituted to examine the legal complications likely to arise if the Secretariat in Hyderabad was transferred to Telangana. The Cabinet felt that the Secretariat shifting process was still to be completed and that it might not happen immediately.
The Cabinet also formed another sub-committee to explore the legal options over the Brijesh Kumar Tribunal’s latest award over distribution of the Krishna water. The government is of the view that the award delivered a blow to the state’s irrigation interests.
