Chennai/ Hyderabad: The Andhra Pradesh government is mulling to form a Manufacturing Investment Region (MIR) - which can qualify for infrastructure grants from the Centre - between the port town of Krishnapatnam and Satyavedu on the National Highway 5. This move is seen as an answer to the Tamil Nadu government''s proposed MIR on the Chennai-Bangalore highway. Being closer to Chennai, the Andhra MIR can as much boost the Chennai port, Chennai airport and Ennore port as access points for transport and other logistics for manufacturing companies as its counterpart.
In addition, the four-lane NH5, which connects to Chennai and Kolkata, has the railway network passing through. This is in addition to the Krishnapatnam port, which is scheduled to be fully ready by June this year and the Tirupati airport for connectivity requirements. APIIC has entrusted L&T Ramboll with the job of preparing a master plan, feasibility report, infrastructure and funding requirements for the proposed MIR. A detailed proposal would then be submitted to the Centre for seeking viability gap funding for the development of infrastructure. This is the second investment region being conceived by the state government. APIIC is already developing a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) on about 35,000 acre near Visakhapatnam, which is in advanced stages of clearance by the Centre.
The grounds for declaring the 75-km stretch between Krishnapatnam and Satyavedu as an MIR are already in place with several special economic zones (SEZs), manufacturing parks and power projects, some of which are in the initial stages, proposed in this region. Besides, about 25,000 acres of land for industrial usage is readily available in different pockets of this region, according to officials. The total employment potential projected in this area is nearly 5 lakh jobs once it is fully developed.
In addition, the four-lane NH5, which connects to Chennai and Kolkata, has the railway network passing through. This is in addition to the Krishnapatnam port, which is scheduled to be fully ready by June this year and the Tirupati airport for connectivity requirements. APIIC has entrusted L&T Ramboll with the job of preparing a master plan, feasibility report, infrastructure and funding requirements for the proposed MIR. A detailed proposal would then be submitted to the Centre for seeking viability gap funding for the development of infrastructure. This is the second investment region being conceived by the state government. APIIC is already developing a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) on about 35,000 acre near Visakhapatnam, which is in advanced stages of clearance by the Centre.
The grounds for declaring the 75-km stretch between Krishnapatnam and Satyavedu as an MIR are already in place with several special economic zones (SEZs), manufacturing parks and power projects, some of which are in the initial stages, proposed in this region. Besides, about 25,000 acres of land for industrial usage is readily available in different pockets of this region, according to officials. The total employment potential projected in this area is nearly 5 lakh jobs once it is fully developed.
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