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Land Identified for Three Parks Around Anakapalle

Logistics Park, MSME and Industrial Park to come up in 2,500 acres and expected to create over 1.5 lakh direct and indirect jobs

Published: 02nd July 2015 05:09 AM  |   Last Updated: 02nd July 2015 05:09 AM   |  A+A-

VISAKHAPATNAM:The jaggery town of Anakapalle would soon get a fresh lease of life as three major projects are envisaged in about 2,500 acre in the nearby villages of Anakapalle mandal in Visakhapatnam district. The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has identified the land for the proposed logistics park, the micro, small and medium enterprises (MSME) park and industrial park.

Following instructions from higher officials and the growing need of land for industrial purposes, the APIIC had identified 2,500-acre land for acquisition in Valluru, Maredupudi, Konchangi, Kundram, Veta Jangampalem, Sampathpuram and Koduru villages in Anakapalle mandal. APIIC executive director V Raghunath along with Anakapalle revenue divisional officer Padmavathi and other officials have conducted a survey in the area about a week ago and identified suitable land.

“The proposal for acquiring the land has been sent to the State Government. Soon after acquisition, we will hand over the land to the APIIC which would in turn develop the three prestigious parks,” said a senior officer in the Revenue Department. While the responsibility for development of the logistics park has been given to the Visakhapatnam Port Trust, the APIIC is likely to develop the remaining two parks or hand it over to the investors expected to be finalised shortly.

The logistics park proposed in about 500 acre near Anakapalle, would be developed by the VPT with Rs 600 crore. This park alone is estimated to have the potential for more than 50,000 jobs, both direct and indirect. Similarly, the new industrial park and the MSME park exclusively for small and medium enterprises are expected to attract investments of over Rs 1,000 crore and offer over a lakh jobs, directly and indirectly.

Vizag, the biggest city in the truncated state, is gaining importance due to the readily available infrastructure and investors are evincing interest in setting up their units in and around the city. Anakapalle, a municipal town till recently, is now part of  GVMC and thus, emerged as one of the favourite investment destinations.

More from Andhra Pradesh.

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