Latest news with #APIIC
Hans India
4 days ago
- Business
- Hans India
Collector stresses support for entrepreneurs, industrial growth in dist
Puttaparthi: District Collector TS Chetan presided over the District Industrial Exports and Promotion Committee (DIEPC) review meeting here on Wednesday, emphasising the critical role of supporting aspiring entrepreneurs and strengthening the industrial sector for the district's economic prosperity. The Collector urged all related departments to work collaboratively to expand and bolster Sri Sathya Sai district's industrial foundation. He highlighted the State government's proactive approach to promoting industrial investments through its new industrial policy, stressing the need to maintain this momentum at the district level. He directed the officials to promptly clear all pending applications related to industrial promotion; emphasised the importance of educating young people in both urban and rural areas about establishing industrial units and leveraging available government schemes. He reviewed the permissions granted for new industrial establishments through the Single Desk Portal to ensure efficiency. Significant financial support was approved, with Rs 46.69 lakh in investment subsidies for three units and Rs 1.7 lakh in interest subsidies for another three units. In line with the central government's EoDB initiative, departments were instructed to conduct satisfaction surveys with business owners who had received approvals. These surveys will help determine the district's EoDB ranking and must be completed swiftly. During the session, approvals for a total of 28 industrial units were fully granted, marking a step forward in the district's industrial development. General Manager of Industries Department J Nagaraju, LDM Ramana Rao, District Factories Officer Radhakrishna, APIIC Zonal Manager, SE from the Electricity Department, AP State Financial Corporation Branch Manager Ansari, District Registration Officer Krishna Kumari, APIIC representatives, and other officials were present.
The Hindu
4 days ago
- Business
- The Hindu
CPI(M) opposes second phase of land pooling for Amaravati
The CPI(M) has opposed the government's decision to acquire an additional 44,000 acres of land for the development of the capital city of Amaravati. In a statement on Wednesday, CPI(M) State secretary V. Srinivasa Rao said the government should withdraw this decision, calling it 'unnecessary, harmful, and driven by real estate interests' rather than genuine developmental needs. Even after pooling 34,000 acres of land 11 years ago, the capital construction remained incomplete. Without utilising the already acquired land effectively, planning a second phase of land pooling only added to the woes of the farmers and the poor, who had surrendered their lands with the hope of better opportunities, he said. Seeking to know the rationale behind constructing a new greenfield airport in Amaravati when an operational airport already existed at Gannavaram, Mr. Srinivasa Rao said, 'This is not for development, but to serve real estate interests.' Instead of acquiring more land, the focus should be on improving existing infrastructure and ensuring the proper implementation of planned projects in the newly developed urban zones, he said. Highlighting the unused land bank already with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC), he pointed out that despite having one lakh acres in reserve, not a single new industry had been established. 'This proves the government's failure to decentralise industrial development across the State,' he said. The Central and State governments had collectively failed to develop the Amaravati capital as promised in the A.P. Reorganisation Act. It accused the Centre of neglecting its responsibility to provide funds and blamed successive State governments for initiating grandiose but unfulfilled projects. 'After years of instability and suffering, the residents of Amaravati should not be subjected to further uncertainty,' he said, adding the government failed to provide basic amenities, promised plots, employment, and welfare benefits such as free education and healthcare to those who gave up their lands in the first phase.
Time of India
6 days ago
- Business
- Time of India
Women's industrial park takes shape in Anakapalli
Anakapalli: The govt has begun land levelling works for a dedicated women's industrial park on Pitapalem village road, near the collector's bungalow. The park is expected to become operational within six months and is located close to the newly inaugurated MSME park, creating a industrial corridor in the district. The govt had earlier acquired 31.77 acres in Survey No. 20, compensating displaced farmers with 6.49 crore. Infrastructure development is now underway, including internal roads, drainage systems, power supply, drinking water facilities, and other essential amenities. The district administration has already developed the MSME park with an estimated cost of around 60 crore at Koduru, and 250 flats were developed on the site. Of these, work has started to set up industries in 171 flats. The industrialists who got the flats are now preparing to establish their units. Likewise, the women's industrial park will also be developed very soon, AP Industrial Infrastructure Corporation (APIIC) officials informed. They have planned to develop around 300 flats for small industries on that piece of land. A blacktop road was also developed adjacent to the land with an estimated cost of 80 lakh recently. The govt is now providing incentives to the women industrialists who come forward to set up industries. Anakapalli: The govt has begun land levelling works for a dedicated women's industrial park on Pitapalem village road, near the collector's bungalow. The park is expected to become operational within six months and is located close to the newly inaugurated MSME park, creating a industrial corridor in the district. The govt had earlier acquired 31.77 acres in Survey No. 20, compensating displaced farmers with 6.49 crore. Infrastructure development is now underway, including internal roads, drainage systems, power supply, drinking water facilities, and other essential amenities. The district administration has already developed the MSME park with an estimated cost of around 60 crore at Koduru, and 250 flats were developed on the site. Of these, work has started to set up industries in 171 flats. The industrialists who got the flats are now preparing to establish their units. Likewise, the women's industrial park will also be developed very soon, AP Industrial Infrastructure Corporation (APIIC) officials informed. They have planned to develop around 300 flats for small industries on that piece of land. A blacktop road was also developed adjacent to the land with an estimated cost of 80 lakh recently. The govt is now providing incentives to the women industrialists who come forward to set up industries.
Time of India
17-06-2025
- Business
- Time of India
Govt revives JET City project, clears way for MSME hub
Vijayawada: The construction of the flatted factory complexes (FFCs) at the Vemavaram Jakkampudi economic township (JET City), intended to house micro, small, and medium enterprises (MSMEs), is finally set to see the light of the day. The state govt has permitted the Andhra Pradesh economic development board corporation limited (APEDCO), the original nodal agency appointed for the construction of the FFCs, to proceed with the pending land alienation and hand it over to the Andhra Pradesh industrial infrastructure corporation (APIIC). APIIC is the nodal agency for the micro and small enterprises cluster development programme (MSECDP) scheme, which includes two components: infrastructure development (ID) and common facilities cluster (CFC). APIIC will complete the pending tower works intended for MSMEs. In this regard, the government has allowed APEDCO and APIIC to enter into a memorandum of understanding (MoU), under which APIIC will be responsible for completing the pending parts of the first tower and the remaining towers of the FFCs. This will be done with the help of govt of India (GoI) schemes and/or private partnerships, and the allotment of completed spaces will be as per APIIC regulations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Earlier, the govt proposed to develop the Jakkampudi economic township to create a walk-to-work environment, providing a good quality of life over 234 acres in Jakkampudi and Vemavaram villages in Vijayawada rural mandal. Land was allotted to the extent of 60.01 acres in Vemavaram and 93.02 acres in Jakkampudi, totaling 153.03 acres. The govt sanctioned and took up phase-1 works of the JET CITY project at an estimated outlay of ₹143 crore under the EPC model for the development of three towers and trunk infrastructure for the flatted factories over 6.45 lakh sqft. However, the contracting agency achieved only 20% progress due to the COVID-19 pandemic, and further progress was halted due to non-alienation of land parcels to APEDCO, which stalled the project due to non-release of funds.
Time of India
01-06-2025
- Business
- Time of India
TELANGANA & AP AT LOGGERHEADS
Hyderabad: More than 11 years into state formation, many agreed decisions about the Andhra Pradesh division are also to be implemented. A significant high-level meeting occurred last December at the APIIC office in Mangalagiri, Andhra Pradesh, under the leadership of then Telangana Chief Secretary Shanti Kumari and then Andhra Pradesh Chief Secretary Neerabh Kumar. The meeting, which extended for nearly two hours, reportedly produced favourable feedback on various issues. Notably, the two states came to an agreement regarding the distribution of labour cess amounting to Rs 861 crores. Additionally, Andhra Pradesh agreed to refund Rs 81 crores in excise dues that had been overpaid. However, the allocation of cess remains an outstanding issue. Officials from both states' departments suggested reconvening to finalise decisions related to employee exchanges and professional tax distributions, but this meeting has not yet occurred. Meanwhile, matters concerning the allocation of assets and liabilities of Schedule 9 and 10 institutions remain unresolved. The resolutions established by the ministers' committee will necessitate the endorsement of the chief ministers from both states. For matters that remain unresolved at the ministers' level, the chief ministers will have to directly engage in discussions to reach conclusions.
