The Andhra Pradesh government has sanctioned Rs 1,448 crore to form a special purpose vehicle, NKICDL (NICDIT Krishnapatnam Industrial City Development Limited), with equity from the Central government as well to establish, promote and .
The State government has given administrative sanction for ₹1,448 crore to promote the development of Krishnapatnam Port in Nellore district. The Andhra Pradesh Industrial Infrastructure Corporation (
Stage set for allotment of works under Krishnapatnam Node of CBIC DECCAN CHRONICLE.
Updated Jan 25, 2021, 11:52 pm IST
Time-frame has been fixed for every activity and 1% bonus is also being offered to successful bidder if works are completed before schedule
Phase -1 Activation Area of Krishnapatnam Industrial North Node covers about 2500 acres of land and the Master Plan is ready for the same. AFP
Nellore: The stage is set for calling EPC (Engineering, Procurement and Construction) bids for first phase works of Krishnapatnam Node under Chennai Bangalore Industrial Corridor at an estimated cost of Rs1200 crore.
The Industrial Corridor Programme of the central government is aimed at creation of greenfield industrial cities with sustainable, ‘plug-n-play’, ICT enabled utilities to facilitate investments into the manufacturing sector by providing quality, reliable, sustainable and resilient infrastructure to industries.