Hyderabad, Oct 7 :
The Asian Development Bank (ADB) will help Andhra Pradesh government in setting up five industrial zones at a cost of $2.5 billion.
Kim has assured the chief minister that they would help the state government attract investors from the US, China, Japan, Korea and European countries.
ADB will appoint a special officer to monitor the project’s progress, said an official statement from the state government.
The project includes developing five industrial zones as part of the Visakhapatnam-Chennai Industrial Corridor. These zones would come up in Visakhapatnam, Kakinada, Machilipatnam, Anantapur and Erpedu-Srikalahasti.
As part of this partnership, ADB would also enable companies/investors from these countries to support the government in industrial development, the statement added.