AP Govt to set up MSME parks in 175 assembly constituencies; land identified for 101

Amravati, June 15 (KNN) Andhra Pradesh government has reiterated its plan to create exclusive MSME parks in all the 175 assembly constituencies in the state for which land has already been identified in 101 constituencies.

AP Industries Minister N Amaranath Reddy said the focus on MSME sector will result into creating more employment opportunities.

After attending a review meeting with the chief minister N Chandrababu Naidu on Wednesday, he told the reporters that the land for setting up of MSME parks in 101 constituencies had already been identified and remaining land would also be readied shortly.

"About 2.16 lakh people got employment through micro, small and medium enterprises in the last three years after Chandrababu Naidu took over the reins of the state. We have attracted nearly Rs.19193 crore of investment through these units," Reddy said.

He said that the government had allocated Rs.160 crore for providing assistance to reopening of the units closed in the MSME sector.

He said that development of Visakhapatnam-Chennai industrial corridor is one of the mega projects that are coming to the state.

He said that ADB had agreed to give Rs.5500 crore, other financial institutions Rs.4000 crore for development of Visakhapatnam-Chennai corridor.

He said that the state government would spend around Rs.1500 crore on the project.

Minister said that they would deploy AP skill development corporation teams in all the engineering colleges to train the graduates to meet the requirements of the industries that are coming up in the state.

Reddy said that CM had taken a crucial decision to make the districts to compete with each other by deciding to announce district level ranks on Ease of Doing Business (EoDB).