The cabinet also approved the proposal to increase retirement age of government employees to 62 years from 60 years.
Chief ministerYS Jagan Mohan Reddychaired the cabinet meeting, which was held atVelagapudisecretariat complex after the first day of budget session was adjourned.
The fishing harbours are proposed to be set up at Uppada in Kakinada district, Nizampatnam in Guntur district, and Machilipatnam in Krishna district. The government will spend 1,234 crore to develop the three fishing harbours.