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 National Board of Revenue (NBR) of the Government of Bangladesh is set to open National Single Window...

Read More


Bhutan will build the Gelephu Smart City Project in the Gelephu Special Administrative Region (SAR) to facilitate more...

Read More


Mr. Shakti Bahadur Basnet, Nepal Minister for Energy, inaugurated on 11 December 2023 the Kushma-Butwal power transmission line...

Read More


The Government of Bangladesh and the Asian Development Bank (ADB) signed an agreement for the ...

Read More


The Asian Development Bank (ADB) has approved $336.5 million loan financing under the Asia Pacific Vaccine Access Facility...

Read More


The King of Bhutan, His Majesty Jigme Khesar Namgyel Wangchuck, paid an official visit to India on 3-10...

Read More


Bangladesh Prime Minister Sheikh Hasina and India Prime Minister Narendra Modi inaugurated the Akhaura-Agartala railway link during an...

Read More