Online edition of India's National Newspaper
Friday, Jun 24, 2011
ePaper | Mobile/PDA Version
Google



Andhra Pradesh

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs |

Andhra Pradesh - Hyderabad Printer Friendly Page   Send this Article to a Friend

APIIC to make land allotments transparent

Special Correspondent

To accept only online applications for setting up industries


APIIC resumed 4,000 acres given to 562 units for non-implementation of projects

Corporation served notices to 2,123 units so far for failure to set up units


HYDERABAD: The Andhra Pradesh Industrial Infrastructure Corporation will make its land allotment process transparent by seeking only online applications for setting up industries.

As per new online process launched by the Andhra Pradesh Industrial Infrastructure Corporation Chairman S. Siva Rama Subrahmanyam here on Thursday, an entrepreneur could upload his application in the APIIC's website www.apiic.in for a plot in any industrial park in the 15 APIIC zones in the State.

Anyone can access

Anyone could access the website to know about applications and allotments.

Disclosing this in a media conference, Vice-Chairman and Managing Director B.R. Meena said that the sanctioning committee would consider only applications uploaded online for the land allotment.

The applicant would also mention in his online application the type of industry, project report, investment proposed, employment potential etc.

Real estate projects

“The objective is to make APIIC into a transparent institution and encourage genuine entrepreneurs. At the same time keep at bay those acquiring land in the name of industry for promoting real estate projects later,” Mr. Subrahmanyam said.

In the same spirit, the APIIC had resumed 4,000 acres of land given to 562 units (including Caparo -2,000 acres and Unitech -1,750 acres) for non-implementation of projects.

In all, the corporation served notices to 2,123 units so far for failure to set up units, Mr. Meena said.

Performance

About APIIC performance in 2010-11, he said 4,830 acres of plots/land were allotted to 681 units with projected investment of Rs.19,755 crore and employment potential of 72,691 persons. While APIIC acquired 7,582 acres of land for development to be given for industrial purpose in 2010-11, it acquired 651 acres till June 2011. In a sign of industrial growth in the State, its revenue during 2010-11 was Rs.606 crore as against Rs.550 crore in the previous year.

SEZs

The total exports from SEZs under APIIC purview during 2010-11stood at Rs.1,879 crore, providing employment to 16,119 people. Of these, 17 SEZs were developed by APIIC, four as joint ventures and 23 by private entities assisted by the Corporation.

New projects

About new projects, Mr. Meena said 16 companies would be coming up in Aerospace SEZ with Tata Advanced systems serving as the anchor industry with total investment of Rs.2,500 crore.

The other PSU investments expected are Rs.2,000 crore from BHEL in Fab City, Rs.4000 crore from HAL, Rs.3,000 crore from BDL in six places in the State.

Printer friendly page  
Send this article to Friends by E-Mail



Andhra Pradesh

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Updates: Breaking News |


News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright 2011, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu