PM to launch projects worth over ₹2 lakh crore in Visakhapatnam on January 8

In a major push for sustainable development, industrial growth and infrastructure enhancement, Prime Minister Narendra Modi will inaugurate and lay the foundation stone for projects worth over ₹2 lakh crore in Visakhapatnam on January 8.

He will lay the foundation stone for a state-of-the-art NTPC Green Energy Limited Green Hydrogen Hub at Pudimadaka, which is the first Green Hydrogen Hub under the National Green Hydrogen Mission.

The project entails an investment of around ₹1,85,000 crore, according to a Press Information Bureau release issued on Monday (January 6).

This will include investment in 20 gigawatt (GW) renewable energy capacities, making the Green Hydrogen Hub one of India’s largest integrated green hydrogen production facilities.

Once completed, it will also produce green hydrogen derivatives such as green methanol, green urea and sustainable aviation fuel, primarily targeting the export market. The project will contribute substantially to achieving India’s non-fossil energy capacity target of 500 GW by 2030, according to the release.

The Prime Minister will also lay the foundation stone for the South Coast Railway’s headquarters in Visakhapatnam and inaugurate a number of other railway and road projects as well. These projects aim to reduce congestion, improve connectivity and spur regional economic growth.

Mr. Narendra Modi will also lay the foundation stone for the Bulk Drug Park at Nakkapalli in Anakapalli district. This facility, lying close to the Visakhapatnam-Chennai Industrial Corridor and Visakhapatnam-Kakinada Petroleum, Chemical and Petrochemical Investment Region, is expected to create thousands of jobs and help accelerate economic growth in the region.

The Prime Minister will also lay the foundation stone for the Krishnapatnam Industrial Area (KRIS City) under the Chennai-Bengaluru Industrial Corridor in Tirupati District. The KRIS City, a flagship project under the National Industrial Corridor Development Programme, is envisioned as a greenfield industrial smart city.

The project is set to attract significant manufacturing investments of around ₹10,500 crore and is also projected to create around 1 lakh direct and indirect jobs, significantly enhancing livelihoods and driving regional progress, the release added.