The AP State Government has solidified setting up of CEZ with grant from Center. The Coastal Economic Zone, which will now be called as Coastal Employment Zone holds great prospects, in terms of employment generation and a viable base for international investments.
CM Sri N Chandrababu Naidu shared the plans ahead in an elaborate manner, right from conceptualization to end outcomes with the setting up of CEZs.
“Even as Andhra Pradesh has topped the Ease of Doing Business ranking and also has stood 1st in energy efficiency and conservation initiatives, my recent meeting with NITI Aayog vice-chairman Aravind Panagariya garu has confirmed a Coastal Economic Zone for Andhra Pradesh.
The Coastal Economic Zone has been renamed as Coastal Employment Zone (CEZ). I’m glad that my efforts in writing to the Centre seeking to grant a CEZ have fructified.
I believe AP can have two CEZs (Gangavaram-Visakhapatnam node and Krishnapatnam node). We are looking at both. If necessary, we will make a field visit to the ports before taking a final call.
The CEZs will come up in a large extent, in around 400-500 sq km area, and within that there will be clusters. Idea is to create an ecosystem to bring large scale manufacturers that provide jobs to semi or low-skilled workers.
The CEZ will be a port-led development model where investors can set up their manufacturing base. The first CEZs in the world came up in Shenzhen and Guangzhou provinces in China and are spread across Rs 2,500 sq km each.
CEZ to be set up near deep-draft ports, which will be capable of accommodating very large and heavily loaded ships. The CEZs will provide business-friendly environment, flexible labour laws and create urban spaces to house local workers.
Given that Andhra Pradesh has a long coastline, with the development of CEZ, we will be able to grow as an attractive investment destination, create jobs, boost our economy and also become a Gateway into India for Southeast Asian nations.”