Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC) is targeting exports worth Rs 500 crore from the Atchutapuram Special Economic Zone during the current financial year.
APIIC has earmarked around 5,770 acres of land at Atchutapuram in Visakakhapatam district to develop this multi-product SEZ. So far, the corporation has spent over Rs 250 crore to create infrastructure.
“By the end of December, APIIC would spend another Rs 150-200 crore to develop infrastructure facilities like roads, drains and electricity,” Eswar Rao, executive director, APIIC, told Business Standard.
Major industrial houses like WS Industries, Pokarna Limited, Uniparts, Confidence Petroleum and Brandix India have set up their units here with an investment of about Rs 670 crore. “We are expecting more than Rs 500 exports from these units during this financial year. Exports from this SEZ is likely to touch Rs 10,000 crore over the next five years,” he said.
The other units that have begun construction work here include Anjaney Alloys Limited, Southern Online Bio and Nagarjuna Agrichem.