The Andhra Pradesh Government has inked an MoU with China Association of Small and Medium Enterprises and China Small and Medium Investment Group Limited, Beijing for the development of International Industrial Park at Donakonda, Prakasam district, Andhra Pradesh.
The park will house a Building Materials Industrial Park and Modern Building Materials logistics Park. The Building Material Industrial park will come up in an area of 20 Square Kilometers with an investment of Rs.60,36,52,50,000 (US $ 0.9 Billion) and will manufacture all categories of building materials and low- carbon energy-saving new materials. This park will provide direct employment to 10,000 people.
The Modern Building Materials Logistics Park will also be set up in 20 Square Kilometers with an investment of Rs. 3,68,89,87,49,999 (US $5.5 Billion) and will take care of the distribution and be a logistics centre of all categories of building materials. 35,000 people will be directly employed.
The proposed total investment is US $ 6.4 billion.
The project is envisaged to be completed in 3 Phases:
1) In the 1st Phase, Rs. 10106.2 crores will be invested providing direct employment to 10,000 people and indirect employment to 22,000 people.
2) In the 2nd Phase, the investments will be to the tune of Rs.12127.6 crores providing direct employment to 21,000 people and indirect employment to 60,000 people.
3) Whereas in Phase 3, investments will be worth Rs. 14148.8 crores, thus providing direct employment to 24,000 and indirect employment to 38,000 people.
The collaboration is mainly aimed at setting up an International Industrial Park in the state, as the first of its kind in India, within a vision of “Make-In-Andhra Pradesh”.
The park will attract manufacturing industries and logistics companies from China and other countries to invest and set up units and will also create large-scale employment in the backward region of Donakonda, Prakasam district.
The products manufactured will be supplied to local markets, other areas of India and the export market.
The park will manufacture structured materials like wood, bamboos, stones, cement, concrete, metals, bricks, tiles, ceramics, glass, engineering plastics and composite materials etc.
Decoration materials like coatings, paint, cladding materials, veneering, ceramic tiles in all colors and glass with special effects etc will also be manufactured.
Manufacturing of special materials like water proof, moisture proof, anti-corrosion, fire prevention, flame retardant, sound proof, heat-insulating, thermal- insulating and sealing materials will also take place.
