Govt. to develop start-up area in Krishnapatnam

As part of its efforts to develop the Krishnapatnam node in the Chennai-Bangalore Industrial Corridor (CBIC), the State government has identified a start-up area of nearly 2,140 acres for investments.

• the Andhra Pradesh government is transforming Krishnapatnam into an industrial hub backed by the seaport 
• Krishnapatnam in Nellore district is being developed through a node-level Special Purpose Vehicle (SPV) formed in partnership with the National Industrial Corridor Development & Implementation Trust. The Central and the State governments are together contributing a maximum of 50% equity of up to ₹3,000 crore in the SPV.

Focus areas
The total area of Krishnapatnam node is 13,480 acres. The Central Cabinet Committee on Economic Affairs has approved the creation of trunk infrastructure in it at an estimated cost of nearly ₹2,200 crore.
The State government’s focus is on attracting computer and electronics, optical products, automobile, engineering and machinery, pharmaceutical, food processing and textile and apparel units.