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Monday , February 13,  2006

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   SemIndia Goes to AP

 

The SemIndia fabrication project to come up in Andhra Pradesh is likely to see Government of India equity participation speculated to be 26% of the project. The USD 3.3 billion project went to Hyderabad after Bangalore and Chennai lost out. While the issue with Bangalore was crumbling infrastructure and Governmental incompetence, the reasons for Chennai is not very clear. Communication and Information & Technology Minister Dayanidhi Maran says that he did not get "co-operation" from Tamil Nadu Chief Minister Jayalalithaa. Jayalalithaa, who is from a rival political party, says that Maran played politics. SemIndia wanted 1,200 acres of "free land," subsidized power, and abundant supply of water.














 


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