Works on industrial corridor node set to start

Vijayawada: The state government is set to start work on Krishnapatnam industrial node as part of the Chennai-Benguluru Industrial Corridor (CBIC). The project was sent for judicial preview on Friday, after which work will start. The judicial preview committee has posted the project work and its plans on its official portal seeking suggestions and comments within seven days.The project is being jointly executed by the AP Industrial Infrastructure Development Corporation (APIIC) and the National Industrial Corridor Development and Implementation Trust (NICDIT) with the ambitious target of providing one lakh jobs by 2040. The work also includes development of 2,500 acres to promote identified industrial sectors.The government wants to develop the Krishnapatnam industrial node as a high impact and market-driven node that is strategically located to provide an investment-friendly facility with world class infrastructure connectivity for freight movement, logistic hubs, reliable power and quality social infrastructure. The government released the required amount of Rs 1,448 crore to the Special Purpose Vehicle—NICDIT Krishnapatnam Industrial City Development Ltd, on May 11, 2021.