APIIC plans 2 more Industrial Parks in Vizag

By SNV Sudhir

Visakhapatnam, July 25, 2013: Notwithstanding the slump in global and national economy, APIIC has embarked on an ambitious plan of creating two more industrial parks in the district and has recently sent proposals to the state government regarding it.

APIIC teams has identified around 1,000 acres in Bheemili, 27 kms from here and around 200 acres in Pedagantyada near Gajuwaka to develop industrial parks. These parks are aimed at attracting investments from various sectors. 

“These are multipurpose industrial parks. We have already earmarked the required land and sent estimate proposals to our higher ups at the Central office. After completing the formal procedure, official notifications are expected to be released by the government. Once we get the approval we will begin other development and infrastructure work at these parks,” APIIC zonal manager, V. Nagabhushan Reddy told this correspondent. 

Interestingly, APIIC has decided to earmark nearly 50 acres in the proposed industrial park at Pedagantyada for women entrepreneurs. APIIC already has around 10 industrial parks in the district.

While three such parks are IT and ITES specific ventures, five are general or multipurpose parks, one is earmarked as health city and another as apparel city. 

Talking about apprehensions about economic slowdown, Reddy said that 80 percent of the allotments at Aganampudi industrial park were complete and many of them have already grounded their projects. He also added that very few plots are lying vacant at other industrial parks. 

“There has always been good response for APIIC’s industrial parks. We are expecting the same for the proposed industrial parks,” added Nagabhushan Reddy.