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Rs 10,000 crore funding in pipeline for Andaman & Nicobar: Minister

by Staff Reporter
January 26, 2023
in Business
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Rs 10,000 crore funding in pipeline for Andaman & Nicobar: Minister
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The authorities has invested Rs 30,000 crore within the final eight years within the Andaman and Nicobar Islands, and investments of over Rs 10,000 crore are within the pipeline, Union Minister L Murugan stated on Sunday.


Addressing a press convention right here, Murugan stated a transshipment hub, a greenfield worldwide airport, a township and a diesel/solar energy plant have been deliberate as a part of the proposed mega infrastructure venture on the Great Nicobar Island.


“In the last eight years, our government has invested more than Rs 30,000 crore for the development of the islands, and as you all know investments worth Rs 10,000 crore are in the pipeline. This will not only generate a lot of employment opportunities for the local youths, but will also boost the economy of this place,” he stated.


“Under the leadership of Prime Minister Narendra Modi, we are committed to the development of Andaman and Nicobar Islands,” stated Murugan, the MoS for Information & Broadcasting.


The minister expressed satisfaction with the implementation of central initiatives by the native administration.


“It is good to hear that nearly 62,000 water connections have been provided and more than 95 per cent work for 1,338 houses under the PM Awas Yojana is complete,” he stated.


The Union territory has almost 15,500 beneficiaries underneath the PM Kisan scheme, Murugan stated.


In the aviation sector, round Rs 710 crore is being invested within the islands, he stated.


“There is a need for a fishing harbour at Mayabunder and I have asked the officials concerned for a detailed project report,” he stated.

(Only the headline and film of this report might have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)


Tags: 000 crore investment in pipeline for Andaman & Nicobar: MinisterAndamancroreInvestmentMinisterNicobarpipelineRs 10
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