The other day we have seen ITC shifting its Agri Hub to Guntur from Hyderabad. It is said that more companies are in line provided they are given lands in AP. According to sources, Ashok Ley Land, Havells, Euro Cables, Inani Group have applied to APIIC to allot 316 acres of land to shift their bases.
APIIC is in the process of identifying lands for them. These companies are look at lands around the Capital region. Ashok Leyland is looking at 100 acres land any where in Krishna district to shift is is body building unit which will bring an investment of 1000 Crore. APIIC has a land bank of 3200 acres in Krishna district.
Havells and Euro Cables each are asking for 50 acres land while Inani Group is looking for 30 acres for setting up a Gold Processing Unit. Vizag – Chennai industrial corridor, development of Gannavaram Airport, Machilipatnam Port, Sagarmala Project and Rail Network connectivity in the Coastal AP are motivating the companies.
