AP Govt to allot 2000 acres for Auto Aerospace Component Hub

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Hyderabad, Mar 24 (UNI) The Andhra Pradesh Government is planning to allot 2000 acres of land at Rs one lakh per acre to Caparo Group of Industries in Nellore district for establishing Auto Aerospace Component Hub, Major Industries Minister J Geetha Reddy informed the State Assembly today.

In a written reply to Samajwadi Party member P Shashidar Reddy, she said the Andhra Pradesh Industrial Infrastructure Corporation had acquired land from farmers for the purpose.

The Government would provide fiscal incentives and infrastructural facilities as per the Industrial Investment Promotion Policy 2005-10 and the details were being worked out, she added.

UNI SM VA ROY Mir BD1745

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