Hyderabad, Apr 3 (UNI) The Andhra Pradesh Cabinet today approved setting up of a Rs 194.01 crore International Leather Complex by the state-owned Leather Industry Development Corporation of Andhra Pradesh at Krishnapatnam in Nellore District to attract large domestic and foreign tannery companies.
The Cabinet meeting, chaired by Chief Minister Y S Rajasekhara Reddy, approved the project designed by the Central Leather Research Institute.
The Union Government will provide Rs 29 crore as assistance to the Complex, Information Minister A Ramanarayana Reddy told reporters.
The world class infrastructure project would come up on 412.41 acre of land developed by the Andhra Pradesh Industrial Infrastructure Corporation with a view to exploit emerging global leather trade opportunites and create sustainable direct employment to 5,000 people and indirect employment to 10,000 persons, he said.
The State Government would provide infrastructure such as roads, power and water for the project, he added.
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