Anil Ambani group keen on setting up Shipyard in AP for producing Defence Ships and Submarines

VISAKHAPATNAM: Reliance (Anil Ambani group) is still keen on setting up a shipyard in Andhra Pradesh for producing defence ships and submarines and the AP government is actively pursuing the proposal, according to Kartikeya Mishra, Director of Industries.

He said in an interview here on Friday that the MoU had been signed during the last CII partnership summit in February, 2016, by the AP Government and Reliance (Anil Ambani group) for setting up the ₹5,000-crore unit, probably in Visakhapatnam district.

Scotching speculation in the local media that the Reliance group was asking for a number of sops and incentives, raising doubts over the project, Mishra said there was no room for such misgivings.

“We are still in the negotiation stage and the best deal, favouring both the parties, will be worked out. Both Reliance and the state government are serious about the project and it may take final shape during the upcoming CII Partnership Summit next week,” he said.

On the MoUs signed during the CII Partnership Summit in 2016, Mishra said that about 15 per cent of the MoUs signed had been realised. The rest are being pursued in right earnest.

For the past two years, about 11,000 industrial permissions or licences had been granted in the state and 97 per cent of them were cleared in two or three weeks under the single-window clearance system, he said.

Print Friendly, PDF & Email