Centre gives 'in principle' approval for three manufacturing zones in AP

Hyderabad, Dec 9 (KNN) The Centre has given in-principle approval for three national investment and manufacturing zones proposed in Chittoor, Medak and Prakasam districts of Andhra Pradesh.

According to a media report, the proposal for sanction of Rs 250 crore for payment of advance for the land acquisition for the proposed zones in Chittoor and Medak districts has also been agreed.

The report further added that the Medak district zone could attract investments up to Rs 43,000 crore.

While in Chittoor and Prakasam district it is estimated that the proposed zones could attract Rs 31,000 crore and Rs 43,000 crore investments respectively.

The three zones are coming up on an area of over 5,000 hectares each, according to an official release last week. (KNN/SD)