The estimated investment flow into each of the two National Investment and Manufacturing Zones (NIMZ) coming up in Chittoor and Prakasam districts is expected to be around Rs.30,000 crore and the employment potential about three lakh.
The Government of India (GoI) has accorded in-principle approval for setting up two NIMZ in the two districts in an extent of 5,000 to 6,000 hectares, according to Socio-Economic Survey 2013-14, which was placed in A.P. Assembly recently.
NIMZ will be developed as integrated industrial townships with the state-of-the-art infrastructure and land use on the basis of zoning, clean and energy efficient technology, necessary social infrastructure and skill development facilities. The land acquisition in Chittoor district is under process.
Under the Cluster Development Programme, various schemes have been implemented to cater to different clusters to improve global competitiveness of the domestic industries. As many as 33 proposals were submitted to the GoI during 2013-14. Of them, final approval was accorded by GoI to three proposals and in-principle nod to one proposal, while clearance for conducting Detailed Project Report was given in the case of five others. The total project cost of the proposals is Rs.90.96 crore with the GoI contributing Rs.57.25 crore and Andhra Pradesh contributing Rs.30.24 crore.
With regard to Industrial Infrastructure Scheme, priority was given to develop clusters having small industry concentration. The scheme implemented on a public-private partnership initiative received 51 cluster development proposals with an investment of Rs.252.57 crore. Of this, 20 clusters with an amount of Rs.5.09 crore were sanctioned by GoI.
Source: The Hindu
