VIJAYAWADA: The state government has allocated 2,776 acres of land to IFFCO-SEZ in the Nellore district to pave the way for a significant private industrial SEZ. The company plans to invest ₹870 crore and create approximately 70,000 jobs.
Andhra Pradesh’s new policy for establishing private industrial parks (2024-29) provides ‘plug and play’ industrial infrastructure. The aim is to enhance the development of world-class industrial parks through private sector initiatives, fostering job creation and investment by cultivating a favorable investment climate in the state.
This policy will support world-class operations and maintenance in these parks, while creating a framework for land pooling from farmers for industrial park development. Aligned with the new policy initiated by the TDP-led NDA government, IFFCO Kisan SEZ is set to establish an industrial park in Talamanchi village under the public-private partnership (PPP) framework of the Industrial Park Policy for 2024-29. The Industrial Park Evaluation Committee (IPEC) has approved the proposal, and the government will make the final decision.
Recently, after a thorough review, the State Investment Promotion Board (SIPB), led by Chief Minister N. Chandrababu Naidu, gave its approval as it was endorsed by the State Investment Promotion Committee (SIPC) chaired by the Chief Secretary. According to the proposal, IFFCO Kisan SEZ Limited will develop a Private Large Industrial Park (PLIP) spanning approximately 2,776 acres at Racharlapadu village in Kodavaluru mandal, SPSR Nellore.
