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Goyal Reviews Andhra Pradesh Industrial Nodes and Unveils Innovation and Investment Initiatives

The initiative aims to streamline monitoring to attract anchor investors, boosting employment in three key industrial corridors.

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Overview

  • Piyush Goyal chaired a high-level review in Guntur to assess progress on Krishnapatnam, Orvakal and Kopparthy industrial nodes under the CBIC, HBIC and VCIC corridors.
  • He directed officials to establish dedicated incubators for startups and earmark subsidized zones for MSMEs with state-of-the-art infrastructure.
  • The review introduced plans for country-specific investment conclaves to secure targeted foreign capital alongside a centralized dashboard for real-time project tracking.
  • Krishnapatnam is projected to attract about Rs 10,500 crore and create 100,000 jobs, while Orvakal and Kopparthy are slated for Rs 12,000 crore and Rs 8,800 crore in investments.
  • The NICDC’s model for next-generation industrial smart cities underpins efforts to enhance manufacturing competitiveness and sustainable growth in Andhra Pradesh.