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The Andhra Pradesh government would frame a new maritime policy in a month to take advantage of its long coastline.
Stating this here today, chief minister N Chandrababu Naidu said the state was putting more emphasis on port-led development. The state has a coastline of over 950 km and as part of the policy, the government would set up new ports along the coast apart from developing existing ones and creating new infrastructure.
Naidu outlined his strategy to make AP the largest trade gateway for India to countries in the East. In this context, he said the Visakhapatnam-Kakinada Industrial Area Development Authority would boost trade with countries like Singapore, Malaysia, Thailand, South Korea, China and Japan. He also stated the government would proceed further on the proposed Petrochemical and Petroleum Investment Region (PCPIR) project between Vizag and Kakinada after clearing all the doubts of the people.
The state government would call for tenders in January for setting up the Signature IT Tower in Visakhapatnam and the foundation stone for the project would be laid within a month or two after that, he said.
The chief minister on Wednesday addressed about 200 CEOs in Visakhapatnam at an event.
