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From few days Chief Minister Chandrababu Naidu is dependably stands first in planning new plans which pulled in national consideration. And Recently, Chief Minister Chandrababu Naidu skimmed the possibility of Constitution of Andhra Pradesh Industrial Corridor Development Authority (APICDA).
The goal of the making of Authority is to advance the setting up of Industrial Corridor Development. The officials will be headquartered in Amaravathi. To this impact, government additionally acquainted another Bill relating with advancement of Industrial Corridor Development in different places over the andhra pradesh state.
The Chief Minister Chandrababu Naidu will head the new officials and the ministers for industrial minister will be the part secretary. The officials will investigate improvement of Industrial Corridor Development as a feature of the Visakhapatnam-Chennai Industrial Corridor (VCIC) and Chennai-Bengaluru Industrial Corridor (CBIC).
The officials will secure land from a nearby authority or civic body. After that the officials will take up the arranging, development, operation, support, administration and regulartion of Industrial Corridor in the Andhra pradesh state.
A sum of Rs. 369 crore is earmarked for the Department of Industries (DoI) and the balance Rs. 73 crore for the Roads and Buildings Department to create the necessary infrastructure, Finance Minister Y. Ramakrishnudu said in the budget he presented to the Assembly on Wednesday.
Establishment of Andhra Pradesh Industrial Corridor Development Authority (APICDA) is going to help in the development of both the VCIC, and the Bangalore-Chennai Industrial Corridor which comes up along the industrial belts of Chittoor and Nellore districts and parts of Anantapur.
Impetus is being given to the Micro, Small and Medium Enterprises in the form of an allocation of Rs. 125 crore for their rejuvenation in FY 2017-18. Besides, the establishment of eight mega food processing parks Srikakulam, Vizianagaram, Visakhapatnam and East Godavari and Chittoor, Kurnool and Anantapur districts is going to give a fillip to the development of the most promising sector of the economy, in the respective regions.