Dec 14, 2020, 12:10 IST
AMARAVATI: Andhra Pradesh Industrial Infrastructure Corporation (APIIC) is in the process of setting up five large multi-product industrial parks in the State. These parks will be set up in three industrial corridors spread 42,313 acres of the State with funding from the National Industrial Corridor Development and Implementation Trust (NICDIT) a Central Government aided organisation. In the first phase, NICDIT agreed in principle to fund the development of the multi-product industrial parks on 13,292 acres.
Apart from the Visakhapatnam-Chennai Industrial Corridor (VCIC) funded by the ADB, three additional parks are being developed in the Chennai-Bangalore Corridor and Hyderabad-Bangalore Corridor.
APIIC plans to develop Nakkapalli, Srikalahasti, Kopparthi, in the VCIC, Krishnapatnam on the Chennai-Bangalore corridor and Orvakallu industrial park on the Hyderabad-Bangalore corridor within these 42,313 acres.