Sunday, 5 January 2014

Hyderabad to get Rs 100-cr footwear design centre

Hyderabad is all set to get yet another national centre soon. It will get an Rs 100-crore National Institute for Footwear Design and Development.

The foundation stone for the Institute will be laid in the last week of January. The Andhra Pradesh Government has already allocated the required land at Gachibowli in Cyberabad. A couple of weeks ago the Union Minister for small, micro and medium enterprises, K.H. Muniyappa, had announced that it would set up a National SME University. About 100 acres of land was available for the facility to come up in the city.

The foundation laying event for the Footwear Design Institute was finalised during the meeting of Union Minister for Commerce and Industry, Anand Sharma and State Chief Minister, N. Kiran Kumar Reddy on Friday here.

Funds for the national centre have already been sanctioned by the Commerce Ministry.

The Union Minister advised to complete the process of identifying partner for the setting up of Rs 35-crore World Trade Centre under PPP mode.

Rs 20 crore will be given by Government and the balance should be borne by the State, a release from the Chief Minister’s Office stated.

The Union Minister informed the Chief Minister that China has come forward and expressed interest to partner in one of the proposed National Investment and Manufacturing Zones (NIMZ), for both technical and investment purposes. The Centre sanctioned three NIMZs to the State at Zaheerabad, Medak district, Chittoor and Prakasam districts. Each of these are expected to attract Rs 30,000 crores of investment and generate employment for 3 lakh people, the release said.
http://www.thehindubusinessline.com/news/states/hyderabad-to-get-rs-100cr-footwear-design-centre/article5541974.ece

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