Naresh chintala retweetledi

𝗧𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗥𝗮𝗺𝗮𝘆𝗮𝗽𝗮𝘁𝗻𝗮𝗺 𝗣𝗼𝗿𝘁: 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗼𝗿 𝗦𝗰𝗮𝗺!
𝗗𝗶𝘀𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗮𝘁 𝘁𝗵𝗲 𝗦𝘁𝗮𝘁𝗲'𝘀 𝗘𝘅𝗽𝗲𝗻𝘀𝗲?
Port led development provides enormous potential for economic development of the successor State of Andhra Pradesh. With this consciousness, the YSRCP Government ensured commendable progress with respect to development of three ports at Ramayapatnam, Machilipatnam and Mulapeta. The YSRCP Government ensured completion of all the crucial tasks such as land procurement, statutory approvals including financial closure, with respect to all three ports. The YSRCP Government also executed the EPC contracts for completion of the projects and also ensured significant physical progress with respect to the three ports before June, 2024.
Some of the examples of economic development that are completely attributable to the Ramayapatnam port demonstrating significant progress are the BPCL’s upcoming greenfield refinery and petrochemical complex and Indosol Solar’s Giga Scale manufacturing plant. The BPCL plant is in close proximity to the port with a refining capacity of 9-12 MMTPA and an estimated investment of over Rs. 1 lakh crore, capitalizing on the port’s deep water capabilities to import crude oil. The Indosol facility is designed as a fully integrated "quartz-to-module" ecosystem and for the project, proximity to the deep-water Ramayapatnam Port is crucial for importing raw materials and exporting the final finished solar modules efficiently. Further JSW Steel is developing two berths in Ramayapatnam port, and the primary purpose of which is handling bulk raw materials such as iron ore and coking coal, needed for the integrated steel plant that JSW Steel is constructing in the YSR Kadapa district. All these projects contribute immensely in generating employment to thousands of individuals and also in increasing State's own revenues.
While there so many economic advantages associated possible from the development of Ramayapatnam port, both in terms of securing investments to the State and also contributing significantly to the Tax and Non-tax revenues of the State Government, all that the TDP Government can think of is, the means to turn the Ramayapatnam port into a scam to generate cash flows for the bigwigs of the TDP. The TDP Government is offering a port on which, the Government is spending Rs. 4,929 crores against an upfront payment of only Rs. 1,500 crores by private parties, causing significant loss to the State exchequer, with the State Government having to endure the debt servicing burden to the tune of over Rs. 3,500 crores!
𝗪𝗵𝗮𝘁 𝗞𝗶𝗻𝗱 𝗼𝗳 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀 𝗶𝘀 𝘁𝗵𝗶𝘀 @ncbn 𝗴𝗮𝗿𝘂 !
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