Unlimited opportunities as AP plans infrastructure parks
By A Special Correspondent
Industrial infrastructure is an essential pre-requisite for the consistent growth of any economy. The government of Andhra Pradesh, along with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC), has initiated a number of prestigious projects that include industrial infrastructure, social infrastructure, infrastructure for the software industry and all dimensions of the information technology industry. The APIIC has already set up 272 industrial estates in the state.
According to the Chief Minister's Vision-2020, Andhra Pradesh will have sufficient infrastructure to sustain and stimulate an economy growing at 9 to 10 per cent a year. The state will have a strong backbone of link and arterial infrastructure around major economic centres and along the growth corridors. Infrastructure in the state will facilitate the creation of profitable enterprises in industry, agriculture and services and greatly improve the quality of life of its people.
Andhra Pradesh, with its strategic location, is endowed with rich natural and mineral resources, besides enterprising human resources. These factors, coupled with a vibrant economy, are opening up unlimited opportunities in the field for structuring and restructuring of infrastructure facilities. Presently, the following projects are ready for investment.
Mega Industrial Park, Parawada (Vizag)
The proposed industrial park will be located at Parawada, about 30 km from Visakhapatnam. The 3,500-acre park will have the benefit of having South Asia's largest all-weather seaport with extensive and varied cargo handling facilities. The park will leverage the potential of the region and also catalyse the regional development. The APIIC, on behalf of the government of Andhra Pradesh, is seeking investment from the private sector to develop the Mega Industrial Park in a joint venture. The estimated project cost is around Rs 100 crore.
Mega Industrial Park, Pashamylaram (Hyderabad)
This park, located at Pashamylaram, around 30 km from Hyderabad, will be spread across 1,500 acres and provide well-developed prime industrial land, copious water supply, assured power supply, telecommunications and data linkages, transportation with good social and civic infrastructure and an abundant skilled workforce. The APIIC is seeking investment from the private sector to develop the park in a joint venture. The estimated project cost is around Rs 75 crore.
Hardware Park near Hyderabad
Hyderabad is a favoured destination for information technology and IT-related industry. To create a competitive economy equipped to face the challenges and exploit the opportunities of the new millennium, the state government is setting up a Hardware Technology Park near Hyderabad, The park will be located 14 km from Hyderabad adjacent to the proposed international airport. The 10,000-acre Hardware Park with well-developed infrastructure will be an ideal location for hardware, software, telecom, financial, insurance and logistic services. The park will provide one-stop solution to the industry for all its business and social needs. The APIIC is seeking investment from the private sector to develop the park in a joint venture. The estimated project cost is around Rs 1,305.5 crore.
Visakhapatnam Industrial Water Supply Project
Visakhapatnam is an ideal industrial location due to several factors such as location, abundant resources and port facilities. To cater to the water needs of the region, the state government is facilitating implementation of the Rs 940-crore Visakhapatnam Industrial Water Supply Project for bulk supply of 178 mgd of water to be conveyed over a distance of 200 km from the river Godavari to Visakhapatnam. The project would be on a BOT (build-own-transfer) basis. The detailed survey, engineering and bidding process is in progress. The above process is expected to be completed within 18 months, by the time the EPC contractor on a BOT basis will be selected for the implementation of the project.
Integrated International Convention Centre in Hyderabad
As part of the tourism development activities, the government of Andhra Pradesh has identified convention tourism as a high growth area of the economy. It is developing a world-class convention centre with golf course and hospitality facilities in Hyderabad. The Rs 800-crore project is being developed on a combined site of 250-acre plot, around 15 km from the airport and the Hussain Sagar lake. The APIIC is finalising the solution of a developer on a DBOO (develop-build-own-operate) basis.
The following developed infrastructure is ready for immediate industrial investment:
Growth Centre, Hindupur: The 750-acre Growth Centre developed at Hindupur is well-connected to the neighbouring states of Karnataka and Tamil Nadu and is around 90 km from Bangalore. It is suitable for hardware, auto components and textile units.
Export Promotion Industrial Park (EPIP): Located at Pashamylaram, the EPIP is well-connected by rail, road and air. Spanning an area of 160 acres, it is equipped with all essential facilities. The park is ideal for export-oriented units such as hardware, gems and jewellery, telecom, leather products and garments.
Apparel Export Park near Hyderabad: Situated around 18 km from Hyderabad, the Apparel Export Park has been developed on 174 acres of land. The park is equipped with facilities like water, power, internal roads, avenue plantation and effluent treatment infrastructure. The park is ideal for apparel exporters.
Other projects in the pipeline
Special Economic Zone: APIIC will be developing a special economic zone (SEZ) in the Visakhapatnam-Kakinada belt. The SEZ will house several industrial parks and provide all the required infrastructure facilities with linkages like rail, road, seaport and airport, captive power, training and educational institutions, hospitals, hotels and shopping malls. This zone is expected to attract huge investments. The estimated project cost is around Rs 10,445 crore and will be developed as a joint venture.
Financial District: Around 130 acres of land has been identified at Khanamet village near Hyderabad for this purpose. This area will house finance and insurance companies, stock exchanges, venture capital companies and asset management companies. The main objective of this project is to make Hyderabad a financial capital. The estimated project cost is around Rs 30 crore.
For details contact:
Andhra Pradesh Industrial Infrastructure Corporation Ltd,
Parisrama Bhavan, 6th Floor,
5-9-58/B, Fateh Maidan Road,
Tel: +91 40 3237622-25
Fax: +91 40 3240205