Thursday, February 22, 2024

MAKING STRIDES IN INDUSTRIAL DEVELOPMENT

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AP shows the way with ‘best-in-class’ infra

PNS|Vijayawada

Industrial corridors in India offer several benefits, including enhanced industrial competitiveness, increased employment opportunities, and improved infrastructure. They promote sustainable and inclusive economic growth, encourage private-sector investment, and attract foreign investors

A State government press release here on Tuesday claimed that Andhra Pradesh is a leader in developing industrial infrastructure to meet the needs of various manufacturing firms across sectors. The Andhra Pradesh Industrial Infrastructure Corporation (APIIC), the state-designated nodal agency, has developed over 534 industrial estates with essential amenities such as power, water, ETP, STP, common facilities, plug-and-play facilities, etc. To date, these industrial estates have accommodated 18,725 units that have invested over INR 50,000 cr (USD 6 Bn.), generating employment for around four lakh people.

APIIC ensures that all its industrial parks have access to high-quality and reliable power supply, 24×7, with a total installed power base of 25 GW. Water supply is also provided at the doorstep of industries wherever required. APIIC is developing various industrial parks for both MSMEs and mega industries, with the help of various schemes from the Government of India, such as Industrial Corridors under NICDC, Bulk drug parks under DoCPC, EMCs under MeiTY, etc.

Andhra Pradesh is the only State with three industrial corridors: the Visakhapatnam – Chennai Industrial Corridor (VCIC), the Chennai – Bengaluru Industrial Corridor (CBIC), and the Hyderabad – Bangalore Industrial Corridor, all of which have the best-in-class infrastructure in industrial parks in various locations, including Kopparthy, Acthutapuram, Orvakal, and Krishnapatnam.

The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) is making strides in the development of industrial infrastructure to cater to various manufacturing firms across sectors. One such initiative is the YSR Jagananna Mega Industrial Hub (YSR JMIH), a 6,739-acre project located near the Kopparthy node of VCIC. Along with this, the first phase of the YSR Electronics Manufacturing Cluster (EMC) is being developed, which is projected to attract an investment of INR 10,000 Cr (USD 1.2 Bn) and generate employment for 25,000 people. The region is also being connected to industrial water supply through a 46 MLD water supply project that is currently under development.

Additionally, the government has approved the development of an AP Bulk-Drug Park at KP Puram and Kodad village, and similar proposals for Multi-Modal Logistics Parks (MMLPs) at Anantapur and Visakhapatnam are also under discussion. APIIC has also developed a Mega Food Park with a Core Processing Centre (CPC) at Mallavalli village, Krishna district, and plans to develop a Power Equipment manufacturing HUB in Kopparthy. Moreover, APIIC is developing industrial parks through financial assistance under the MSE-CDP scheme released by the Government of India, with 11 industrial estates already developed and 22 more projects proposed.

Blurb

Andhra Pradesh is the only State with three industrial corridors: the Visakhapatnam – Chennai Industrial Corridor (VCIC), the Chennai – Bengaluru Industrial Corridor (CBIC), and the Hyderabad – Bangalore Industrial Corridor, all of which have the best-in-class infrastructure in industrial parks in various locations, including Kopparthy, Acthutapuram, Orvakal, and Krishnapatnam.

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