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Asian Development Bank approves $625 million loan to Vizag-Chennai industrial corridor

Published

9 years ago

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Visakhapatnam: Asian Development Bank (ADB) India country director Teresa Kho today announced that it will provide $625 million loan for Vizag-Chennai industrial corridor.

Addressing the CII Partnership Summit in this coastal city, she said ADB would work with Andhra Pradesh in developing the infrastructure nodes as part of the Vizag-Chennai Industrial Corridor(VCIC).

She said VCIC will play a critical role in Prime Minister Narendra Modi’s Act East policy. She told the summit that VCIC has the potential to create 11 million jobs in next 30 years.

“It is estimated that GDP in corridor districts will increase by six times and manufacturing output by seven times over the next two decades,” she said.

The $850 million project is expected to change the face of Andhra’s coastal belt from Srikakulam to Srikalahasti.

Four major infrastructure nodes will come up in Andhra Pradesh along 900-km long coastline. These nodes are Vizag, AKakinada, Gangavaram-Kankipadu and Yerpadu-Srikalahastri.

East Godavari and Krishna districts are employment intensive and are poised to grow faster with VCIC, she noted.

The comprehensive development plan show Strong growth potential over three decades. According to this, pharma can grow by 12.2 percent, electronic by 44.4 percent and auto at 24 percent in the next five years.

Confederation of Indian Industry (CII) President Sumit Mazumdar said the VCIC would attract investment of $17 billion.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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