Realestate News

Andhra Pradesh Industrial Infrastructure Corporation acquiring land for Vizag Chennai Industrial Corridor

Vizag Real Estate News

Visakhapatnam: Land acquisition for the Vizag Chennai Industrial Corridor (VCIC) is being undertaken by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) in various parts of the state, said APIIC managing director B Sreedhar.

Participating in a review meeting at the Collectorate in the city on Thursday, Sreedhar said 2,000 acres each are being acquired in Kakinada in East Godavari district and Atchuthapuram in Visakhapatnam district. At the same time, around 10,000 acres are being acquired in Yerpedu and Srikalahasti area in Chittoor district, while 4,000 acres is being acquired at Nakkapalli in Visakhapatnam district for the mega corridor.

He said the district administration has been advised to interact with local farmers and fix the rates for compensation for the lands which would be acquired.

Referring to the partnership summit held earlier this year, the said the APIIC is in the process of issuing land to 30 companies out of the 380 memoranda of understanding (MoUs) signed with the state government.

Meanwhile, he directed officials in the district to expedite the acquisition of land at Nakkapalli and Atchuthapuram.

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