ADB Chief Economist Visits Sri City for the Vizag-Chennai Industrial Corridor Study

17 December 2015

Asian Development Bank (ADB) Chief Economist and Director General of Economic Research Dr. Shang-Jin Wei and a team of senior officials visited Sri City—a business township that integrates industrial, residential, educational, commercial, and recreational zones—in India's Andhra Pradesh on 17 December 2015 as part of a study on the Vizag-Chennai Industrial Corridor (VCIC).

Dr. Wei and Sri City officials discussed the infrastructure of the industrial township and other issues concerning industrial zones.

A Special Economic Zone for export-oriented industries and a Domestic Tariff Zone for domestic industries will be established in Sri City's Industrial Zone, and is foreseen to contribute to India's manufacturing growth campaign, the 'Make in India' initiative.

A master plan for VCIC is being prepared by ADB and the Government of India under an ADB-supported technical assistance approved in September 2015 to help improve the readiness of government agencies working in the development of the VCIC.


Related Links:

The electric power trade agreement between India and Nepal has been renewed for a three-month period. The agreement...

Read More


The Governments of Bhutan and India exchanged multiple agreements across various sectors during India Prime Minister Narendra Modi's...

Read More


Bhutan Prime Minister Tshering Tobgay, who took office in January 2024, embarked on his first overseas visit to...

Read More


Bhutan is contemplating rejoining the Bangladesh-Bhutan-India-Nepal Motor Vehicles Agreement (BBIN MVA). This development was communicated during a meeting...

Read More


The new Integrated Checkpost (ICP) at Sabroom in Tripura, India, and its counterpart in Ramgarh Upazila, Bandarban, Bangladesh,...

Read More


Mr. Hasan Mahmud, Foreign Minister of the Government of Bangladesh, has emphasized the importance of finalizing a Memorandum...

Read More


PTC India Limited has commenced power supply from Bhutan’s Nikachhu Hydropower Project. The electricity supply will be imported...

Read More