Andhra Pradesh: Investment destination calling
1 year, 10 months ago

Andhra Pradesh: Investment destination calling

The Hindu  

February 03, 2023 07:57 am | Updated 07:57 am IST - VIJAYAWADA As Andhra Pradesh reaches the new normal after being in the grip of the COVID-19 pandemic for close to three years and green shoots began to appear in the economy, the State government seems to lay renewed thrust on the development of industrial and infrastructure sectors which have tremendous potential and have been largely untapped. YSR Jagananna Mega Industrial Hub A ‘YSR Jagananna Mega Industrial Hub’ is being developed on 6,739 acres near the Kopparthy node of VCIC and Phase-I of ‘YSR Electronics Manufacturing Cluster’ is being developed on a 540-acre of land parcel close by. Venkateswara ReddyZonal Manager, APIIC About 900 acres have been earmarked for ‘Red Category’ industries, and pharma companies from Hyderabad are looking towards Kurnool as the next destination, says APIIC Zonal Manager T. Venkateswara Reddy. “It is not only the ‘Red Category’ but even a Flatted Factory Shed with plug and play facility investing ₹15 crore is proposed to be developed at Brahmanapalli under the Micro and Small Enterprises Cluster Development Programme scheme of the Central Government for readymade garments cluster,” says Mr. Reddy, highlighting the diversity of the type of industries they were trying to attract. Detailing the demand for the State Government’s Mega Industrial Hub at Orvakal on 10,257 acres and the industrial hub close to the Kurnool Airport and National Highway No.

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