NICDIT and APIIC ink pact for industrial township project in Andhra Pradesh – Feedback

National Industrial Corridor Development and Implementation Trust (NICDIT) and Andhra Pradesh Industrial Infrastructure Corporation (APIIC) have signed a shareholder agreement (SHA) and state support agreement (SSA) to set up an industrial township.

Krishnapatnam, a fully functional industrial township, will be developed at a cost of Rs 60,000 crore.Project duration is six to seven years, and covers a total development area of 12,083 acre.Trunk infrastructure cost is estimated at Rs 10,000 crore, of which Rs 3,000 crore has been contributed by the central government.

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