Dec 31, 2020, 12:17 IST
NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved three proposals from the Department of Promotion of Industry & Internal Trade (DPIIT), which includes two Industrial Corridor nodes in Krishnapatnam and Tumakuru at estimated cost of ₹7,725 cr.
The Krishnapatnam Industrial Area in Andhra Pradesh will be developed at an estimated cost of Rs. 2,139.44 crore and around 98,000 persons are estimated to be employed in the first phase.
The objective of Industrial Corridor Programme is the creation of greenfield industrial cities with sustainable, ‘plug n play’, ICT enabled utilities to facilitate the manufacturing investments into the country by providing quality, reliable, sustainable and resilient infrastructure to industries," the CCEA said in a press release.