Monday, June 30, 2014

APIIC serves notices to 100 firms

By SNV Sudhir

Visakhapatnam, June 11, 2014: With the number of investment proposals the new state government has mooted to give a boost to the local economy in the wake of state bifurcation, availability of land has become crucial.

The officials of APIIC, the nodal agency of the state government that facilitates land and other infrastructure for setting up of industries, has begun an exercise to identify the unused land that was allotted to various firms to start their activities.

In Vizag, there are three SEZs or industrial parks for IT and ITES activities, five are general or multipurpose parks, one is earmarked as health city and another as apparel city. 

Around 11,000 acres of land was earmarked for various SEZs, Industrial parks and clusters and most of the firms have launched activities. APIIC officials have recently served cancellation notices to at least 80 firms for not grounding their respective projects.

The officials said, most of these firms are either small or medium scale enterprises into manufacturing, IT and other sectors. Each firm was allotted land from 1 to 2 acres.  Of the 80, around 50 firms have responded to the notices served and an extension of one year was given after they paid penalties.

“We will wait for some more time for the responses from the remaining firms and then go ahead with the regular procedure laid down and cancel the allotment. Most of them have paid penalties and sought extension,” said  APIIC, Zonal Manager, V Nagabhushan Reddy.

APIIC Vizag zone is also planning two more industrial parks and an Electronic Manufacturing Cluster (EMC) in Vizag. Around 1,000 acres in Bheemili and 200 acres in Pedagantyada near Gajuwaka was identified to develop these industrial parks aimed at attracting investments from various sectors.  In Pedagatyada industrial park, nearly 50 acres was earmarked exclusively for women entrepreneurs.


To develop an EMC under union telecom policy  APIIC had identified around 100 acres near Jaganandhapuram in Parawada in the district. The EMC would come up at a cost of Rc 20 crs. 

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