Investments worth US$ 1.2 billion (Rs. 10,000 crores) in the pipeline for Andaman and Nicobar
- IBEF
- December 27, 2022
Union Minister of State for Fisheries, Animal Husbandry, Dairying, Information and Broadcasting, Dr L. Murugan, informed that the centre has put in US$ 3.6 billion (Rs. 30,000 crores) for the development of Andaman and Nicobar Islands over the last eight years, and investments worth US$ 1.2 billion (Rs. 10,000 crores) are in the pipeline.
The proposed mega infrastructure project on the Great Nicobar Island includes the development of a trans-shipment hub, a greenfield international airport, a township, and a diesel/solar power plant. The minister expressed that this project would generate a lot of employment opportunities for the local youths and help in boosting Andaman and Nicobar’s economy.
"Nearly 62,000 water connections have been provided and more than 95% of work for 1,338 houses under the PM Awas Yojana is complete," he said, and further added that the Union Territory has around 15,500 beneficiaries under the Prime Minister Kisan Scheme.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
