• Wednesday, 03rd July 2024

Vizag Anticipates Major Development Boost from New Government



Visakhapatnam: With the recent change in leadership in Andhra Pradesh, Visakhapatnam residents are eagerly anticipating how the new government will prioritize their city’s infrastructure, investments, industries, and job creation.

The TDP's landslide victory has dampened hopes of the city becoming the executive capital.

Several proposals, including the metro rail project, Bhogapuram beach corridor, Polavaram drinking water supply pipeline, underground drainage project, and water supply project for Madhurawada and other suburbs, remain unrealized. Additionally, the Adani data centre project, IT concept city project, skill university, flyovers along the national highway, and various tourism initiatives have seen little progress over the past five years.


Apart from completing the NAD flyover project, the city has yet to witness new flyovers to alleviate traffic congestion. The Bhogapuram international airport stands out as a major project that has been launched and is currently progressing.

Progress on the south coast railway zone has also stalled. Union Railway Minister Ashwini Vishnaw mentioned a few months ago that the state has not provided the required land for developing the headquarters in Visakhapatnam.

During its previous tenure, the TDP promoted Visakhapatnam as an industrial and IT hub, hosting numerous investment summits and international programs between 2014 and 2019. The city was also projected as a fintech and academic hub. However, despite the YSRCP government's proposal to designate Vizag as the executive capital, legal challenges and technical obstacles prevented it from materializing.

Local residents are now hopeful that attracting more industries, investments, and IT companies will enhance the city’s employment prospects.

Visakhapatnam hosts several prestigious institutions, including Andhra University, IIM Visakhapatnam, the Indian Institute of Petroleum and Energy, Damodaram Sanjivayya National Law University, and Indian Maritime University, alongside various private universities and colleges.

The future trajectory of Visakhapatnam, especially after the dashed hopes of becoming the executive capital, remains an interesting watch.

Following the previous government's 2019 announcement of making Vizag the executive capital, there was a surge in real estate transactions and property prices. However, the real estate sector has plateaued in recent years, now pinning its hopes on the new government.

Chief Minister N. Chandrababu Naidu and IT and HRD Minister Nara Lokesh have announced a special focus on developing Visakhapatnam as a key economic hub of the country.

Recently, Vizag has been identified as one of the four pilot cities by Niti Aayog under an initiative focusing on conducting a baseline study, devising a robust economic growth strategy, and preparing a roadmap to achieve these goals.

This initiative presents a promising opportunity for the state government to realize its developmental and economic objectives.

 

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