Centre okays Rs 2,139 cr infra project at Krishnapatnam
Union Minister Prakash Javadekar
New Delhi: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved proposals of Department of Promotion of Industry & Internal Trade (DPIIT) for construction of various trunk infrastructure components for Krishnapatnam Industrial Area in Andhra Pradesh at an estimated cost of Rs. 2,139.44 crore.
This project along with the Tumkuru Industrial Area in Karnataka under Chennai-Bengaluru Industrial Corridor (CBIC) has been approved to kickstart the development in these corridors.
These greenfield industrial cities will be self-sustained with world-class infrastructure, road and rail connectivity for freight movement to and from ports and logistic hubs along with reliable power and quality social infrastructure.
These projects will generate ample employment opportunities through industrialisation.
Krishnapatnam node, which was cleared here on Wednesday, has an estimated employment projection on completion of the first phase of development at around 98,000 persons of which about 58,000 persons are likely to be employed at the site.