Visakhapatnam to get another MSME Park soon: AP State Industries Minister

New Delhi, 10 Nov (KNN) Mekapati Goutham Reddy, the State Industries Minister of Andhra Pradesh has announced that an MSME (micro, small and medium enterprises) park will be established in Visakhapatnam soon.

An investment of INR 2,500 crore has been expressed by Bhoomi World group in the MSME park that will provide employment to 25,000 people.

The proposed park will be set up on 100 acres and will have over 20 lakh square feet of plug-and-play infrastructure.

This was discussed during a meeting which was held at the AP Industrial Infrastructure Company Ltd (APIIC) office in Mangalagiri on Monday, with the senior Industry department officials along with the representatives of the Bhumi World Industrial Park company.

The Bhumi World Group explained its proposal to set up the MSME  park in an area of ​​20 lakh sq. ft. in the 100-acre park.

Minister Reddy directed officials to review  the proposal thoroughly and send a detailed report.

The meeting was attended by Javvadi Subramanyam, Vice Chairman and MD of APIIC.

The Indo-Japanese delegation met Minister Goutham Reddy for the second time on Monday.

He discussed various issues related to investments, IT parks, SEZs, technology, skills development, training of youth. Andhra Pradesh State Skill Development Corporation (APSSDC) Chairman Kondur Ajay, APSSDC MD Bangarraju, and AP Technology Services MD Nanda Kishore were present on the occasion.