Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC) will spend about Rs 300 crore over the next two-three years to create additional infrastructure at the Achuthapuram AP Special Economic Zone.
The state government has earmarked 5,446 acres of land for the Achuthapuram SEZ in Visakhapatnam district.
APIIC has already spent about Rs 300 crore to develop infrastructure like roads, drains, power and water supply at the SEZ. The fresh investments of about Rs 300 crore would be for constructing a common effluent treatment plant, solid waste management project and other infrastructure facilities, VVS Prasad, zonal manager (Projects), told Business Standard.
The government has allotted about 1,700 acres to companies including Hindustan Petroleum Corporation, WS industries, Pokarna Granites, Southern Online Bio-tech, Confidence Petroleum, Anjaneya Alloys, Rain Commodities, Vellamgani Renewable Energies and Uniparts.
While Uniparts India, a Noida-based supplier of three-point linkage parts to tractor OEMs, has already commenced production at its units, a few others have begun construction work. The government expects these companies to bring in over Rs 50,000 crore.
APIIC has a provision to supply 75 million litre of water a day to the industries in the SEZ. The industries currently use only 3-4 million litre of water. The corporation has also set up a 220KV substation and two 33/11 KV substations in the SEZ.
