AP Cabinet approves land for Integrated Textile Park

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Hyderabad, Oct 23 (UNI) The Andhra Pradesh Cabinet today gave its approval for allocating 750 acres of land to Sri Lankan company MAS Holding Private Limited for setting up a Rs 1,200 crore Integrated Textile Park with Special Economic Zones (SEZs) status in Nellore district.

The Centre had issued a formal notification for providing SEZ status for the venture which would provide direct employment to 31,000 unemployed youth, Information Minister A Ramanarayana Reddy told reporters here.

The State Government had signed a into Memorandum of Understanding (MoU) with the company for setting up an Integrated Apparel Park at Chintavaram, Ballavolu and Addepalli in the district.

UNI

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