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Andhra Pradesh government inks deal for Rs 10000 crore gas-based fertilizer project

Andhra Pradesh government inks deal for Rs 10000 crore gas-based fertilizer project
29 June 2016 Current Affairs: The Andhra Pradesh government has signed a memorandum of understanding (MOU) with a three-nation consortium of China Huanqin Contracting and Engineering Corporation, LEPL Ventures Private Limited and Isomeric Holdings to set up a gas-based fertilizer project at Krishnapatanam with an investment of Rs 10,183 crore. 

The MoU was signed during Chief Minister N Chandrababu Naidu's ongoing visit to China, wherein he was participating in the World Economic Forum's 10th annual meeting of New Champions in Tianjin. 

This proposed year of commencement for the project is 2017-18, a release from the CMO here said. 

This project will help generate 5,000 thousand jobs.China Huanqiu, headquartered in Beijing, is an affiliate of China National Petroleum Corporation (CNPC). 

Isomeric Holdings is a Malaysian company with expertise in gas-based manufacturing projects while LEPL is a Vijayawada-based infrastructure company that also runs an airline. 

Chandrababu presented him a brief on the emerging business opportunities in the state as the government intended to make it a logistics hub. 


March 2017 Current affairs
28 MAR
NEWS
27 MAR
NEWS
25 MAR
NEWS
24 MAR
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23 MAR
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22 MAR
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February 2017 Current affairs
28 FEB
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27 FEB
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25 FEB
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24 FEB
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23 FEB
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22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS



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