Global bodies keen on funding State projects, says Rosaiah


Kin of deceased weavers given financial aid

Each family to be provided with a house under Indira Awaz YojnaLeather complex coming up at Tada Stress on industrial development

CHIRALA: Finance Minister K. Rosaiah on Saturday distributed Rs.1.50 lakh to each of the 12 families of weavers who committed suicide in Chirala and Vetapalem mandals. Of the amount, Rs.1 lakh will be deposited in the bank in the name of the next of the deceased and Rs.50,000 towards clearance of the loan.

He said each family would be provided with a house under Indira Awaz Yojna and the children would be admitted to BC Residential schools.

Later, talking to newsmen, Mr. Rosaiah said that apart from Central Government, several global organisations were coming forward to finance various projects taken up in the State.

About the Special Economic zone between Visakhapatnam and Kakinada, he said that necessary infrastructural facilities were being developed under single window system. Similarly leather complex would be coming up at Tada in Nellore district with employment potential for 30,000. He also revealed that foreign companies were keen on developing Nizampatnam port in Guntur district.

Power supply

Focussing on industrial growth, Mr. Rosaiah said the Government was proposing 4.1 per cent cut on tariff for power supply while APERC was examining the possibility of giving 75- paise concession per unit particularly for food-processing units.