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ADB officials visit Sri City
An eight-member team of the Asian Development Bank (ADB) headed by Dr Sekhar Bonu, Director, South Asia Regional Cooperation visited Sri City on Saturday.
Evince interest in funding industrial park
Hyderabad: An eight-member team of the Asian Development Bank (ADB) headed by Dr Sekhar Bonu, Director, South Asia Regional Cooperation visited Sri City on Saturday.
Sri City Managing Director Ravindra Sannareddy extended a warm welcome to the guests. Briefing them on the available facilities and unique features of Sri City, Ravindra Sannareddy said, “Since its inception, Sri City has been evoking great interest among international business community and today it has emerged as a highly-recommended investment destination for several internationally reputed brands.”
The team evinced keen interest and quizzed on different aspects of Sri City. Later, they went round the industrial park and witnessed the works in progress at Danieli, Pals Plush and Rockworth units.
Some of the members of the team said that they were impressed with the vastness, infrastructure and industry-friendly ambiance of Sri City. Later, in a meeting chaired by APIIC Chairman P Krishnaiah, the ADB team had an elaborate discussion on various issues related to the infrastructure development in the region.
Expressing happiness over the ADB's assistance for the industrial development across Andhra Pradesh, Ravindra Sannareddy opined, “The partnership between AP government and ADB will give a big fillip to the economic growth of the State. As the Visakhapatnam-Chennai industrial corridor would pass through the backward areas of Chittoor-Nellore, the entire region would also gain in the form of rapid economic development.”
During the past two days the ADB officials have been touring Chittoor-Nellore districts to discuss with district officials on how to develop industries in the region that forms part of the envisaged Visakhapatnam-Chennai corridor and prepare a feasibility report.
