Thursday, February 13, 2025

APICDA approves to notify three industrial corridors

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The first Board Meeting of the Andhra Pradesh Corridor Development Authority (APICDA) was held at Amaravati on Wednesday. Chief Minister Nara Chandrababu Naidu said that pivotal steps were taken for AP’s industrial and economic growth trajectory during the meeting.
The APICD Authority constituted by the AP Government consists of a Board and an Executive Committee. The Board, chaired by the Chief Minister, has 12 other members including the Industries & Commerce Minister, Finance Minister and six Secretaries of major infrastructure and Revenue departments.  
At its first meeting, after detailed deliberations, the  APICDA Board agreed to notify three industrial corridors viz, Chennai-Bengaluru Industrial Corridor (CBIC), Hyderabad- Bengaluru Industrial Corridor (HBIC) and Vizag-Chennai Industrial Corridor  (VCIC) and the nodes thereon viz, namely Krishnapatnam Node (10,834.50 acres) under CBIC,  Orvakal Node (9,718.84 acres) under HBIC and Kopparthy Node (6,740.44 acres) under VCIC.
Further, the APICDA Board approved the final master plans of the Krishnapatnam Node under CBIC and the Orvakal Node under HBIC. Also, the Board approved the publication of the Draft Master plan of the Kopparthy Node being developed on 6,740.44 acres, under VCIC.
Besides, the APICDA approved the proposal of the Department to accord approval of Industrial, Residential and Commercial Layouts within these Industrial Master Plans of three Nodes, by the Authority under relevant provisions of the ACT. The chairman ordered the APICDA and MA&UD / DTCP to work together to bring the SOPs in this regard.
Naidu stated that after the bifurcation of the State, the Government of Andhra Pradesh envisioned forming an authority to notify industrial corridors and nodes along with approval of master plans. He further stated that in 2017, the needs to expedite the development of Industrial Clusters and external infrastructure under the VCIC with the financial assistance from the Asian Development Bank (ADB) were felt.
Chandrababu said that accordingly, the Andhra Pradesh Industrial Corridor Development (APICD) Act was promulgated w.e.f from 10.10.2017, for the Establishment, Planning, Development, Operation, Maintenance,  Management and Regulation of Industrial Corridors in the State.

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