Question : REVIVAL OF APCO



(a) whether the Andhra Pradesh Government has requested the Union Government for revival of the APCO;

(b) if so, the details thereof; and

(c) the reaction of the Government thereto?

Answer given by the minister


MINISTER OF STATE FOR TEXTILES (SHRI V. DHANANJAYA KUMAR)


(a) Yes, Sir.

(b) The Government of Andhra Pradesh has submitted a project proposal for revival and restructuring of APCO at a total project cost of Rs.4050.00 lakh as per the details given hereunder:

(Rs. in lakh)
S.No. Components YEAR YEAR 2001-02 2002-03 Total Center State Center State Center State
1. Margin Money Assistance by way of Share Capital 1000 1000 1000 1000 2000 2000
2. Consultancy Charges to NIFT by way of Grant 15 15 10 10 25 25
TOTAL 1015 1015 1010 1010 2025 2025


(c) The proposal has since been approved by the Screening Committee with an outlay of Rs.4000.00 lakh to be shared equally by the Central Government and the State Government of Andhra Pradesh. The consultancy charge of Rs.50.00 lakh is to be met by the State Government only.