INSUBCONTINENT EXCLUSIVE:
Nellore: The Krishnapatnam region in SPSR Nellore district is poised for a big leap in industrial development
The Centre on Wednesday gave its green signal to develop Krishnapatnam Industrial Area at an estimated cost of `2,139.44 crore.The
Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved proposals to this effect from the Department for Promotion of
Industry - Internal Trade (DPIIT)
The project would involve construction of various trunk infrastructure components for the industrial area.The other projects approved on
Wednesday included the Tumakuru Industrial Area in Karnataka with an estimated cost of Rs.1,701.81 crore as also a Multi Modal Logistics Hub
Industrial Area in Andhra Pradesh and the Tumakuru Industrial Area in Karnataka -- under the Chennai Bengaluru Industrial Corridor (CBIC) -
would help kick-start development of the region.For the Krishnapatnam node, the estimated employment projection on completion of the first
phase is around 98,000 of which about 58,000 persons are likely to be employed at the site itself.These projects have been planned as the
backbone for the multi modal connectivity infrastructure.The objective of the Industrial Corridor Programme is the creation of greenfield
industrial cities with sustainable, 'plug-n- play', ICT-enabled utilities to facilitate the manufacturing-linked investments into the
industrial cities will be self-sustained with world-class infrastructure, road and rail connectivity for freight movement to and from ports
and logistic hubs along with reliable power and quality social infrastructure
The developed land parcels in these cities will be ready for immediate allotment for attracting investments into manufacturing and
positioning India as a strong player in the Global Value Chain.
