400 Acres Ready to Set Up Logistics Park near Vizag
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400 Acres Ready to Set Up Logistics Park near Vizag :-
In a Fillip to the state government’s ambitious plans to make AP a logistics hub, after a brief hiatus due to the resistance shown by farmers, the district administration has been successful in acquiring the required land to set up Logistics Park, Proposed by VPT near Anakapalle. Around 400 acres will be handed over to VPT this week after which work on the Logistics Park will begin. VPT has plans to establish the logistics and warehousing complex on the lines of Bhiwandi in maharashtra. Locals, Who have been cultivating the land for the past 20-30 years, were not ready to give up the land. The plan is that, state revenue department acquires the required land and hand it over to the VPT.
It is learnt that VPT is ready to invest around Rs.600 Crore in setting up the park which will also give a fillip to the state’s port-led development plan. Vizag has the location advantage of being exactly in the middle of the east coast and infrastructure and logistics facilities are being created, and augmented to cater to the vast hinterland of 500 Km covering seven states. “Around 400 acres had been identified, surveyed and amount of compensation to the displaced farmers has been distributed. We will hand over the land to VPT this week. Further plan by VPT and a DPR are under preparation. Equity model to launch the project will be formed by APIIC, VPT and state” said district collector Dr N.Yuvaraj.
This Article was First Appeared in Deccan Chronicle.