Several industries sign pact with APIIC

Anantapur: Several industries are now in the process of signing agreements with the APIIC for land allotments to their projects and the same would get commissioned within 2 years, according to APIIC Zonal Manager Gopikrishna.

Andhra Pradesh aerospace and defence equipment, a central defence project is ready to sign agreement with APIIC in a couple of days, for which 264 acres of land has been allotted. Speaking to The Hans India, Gopikrishna revealed that lands had been alienated for 4 industrial parks in four Assembly constituencies including Raptadu, Madakasira, Puttaparthi and Hindupur.

He said that lands were allotted for hosting Kia ancillaries industrial parks at Amarapuram and Kappalabanda in Puttaparthi and at Madakasira. The APIIC earmarked 1,200 acres at Palasamudram mandal in Penukonda region for BEL, a Central government public sector project costing Rs 750 crore. The facility will be built in 3 to 4 phases. The first phase works are in progress. The defence project is expected to be completed in next 3 years, industry sources say.

It will have facilities such as assembly hangers, hard stands for radars and weapon integration, RF radiation sources for target simulation, automatic test equipment, clean rooms for electronic assembly, non-explosive and explosive integration building, environmental test chambers, fire stations, solar power plant, estate and administration buildings.

Veera Vahana Udyog Private Limited which is in the business of manufacturing premium buses in Bengaluru city has entered into an MoU with the APIIC to set up a manufacturing company at Gudupalle in Somandepalle mandal in the district in 120 acres. In the phase-1, 5,000 buses will be manufactured per year and in the phase-2, 2,000 mini-buses will be manufactured. The project is expected to generate 7,000 jobs.