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Approval of Industrial Parks in Andhra Pradesh

Capital Market 

Department of Industrial Policy and Promotion (DIPP) under Ministry of Commerce and Industry has approved two projects under 'Modified Industrial Infrastructure Upgradation Scheme (MIIUS)' for development of industrial clusters at Hindupur and Bobbili in the respective districts of Ananatapur and Vizianagaram of Details of the projects are given below:

Sl. No. Name of project Date of Approval Rs. in croreProject Cost Central Grant Released central grant 1. Upgradation of Hindupur Growth Centre & IP Gollapuram, Anantpur District 01.03.2016 54.20 14.93 4.482. Upgradation of industrial Growth Centre, Bobbili, Vizianagaram District 01.03.2016 30.61 8.68 2.60

The objective of the above projects is to provide quality and reliable infrastructure to industrial units located in these clusters; specifically these projects aim to provide road network, drainage, power and water supply networks and some other common services like health centres, canteens, creches, dormitories, parking areas, etc. These projects are likely to be functional by 31st March, 2018.

These projects have employment potential of about 5500 persons (direct) and 8500 persons (indirect).

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 10 2017. 11:35 IST