Nation Current Affairs 22 Feb 2016 Bike firm has &lsquo ...

Bike firm has ‘hero’ic wait for land in Andhra Pradesh

DECCAN CHRONICLE. | S N C N ACHARYULU
Published Feb 22, 2016, 7:02 am IST
Updated Feb 22, 2016, 7:02 am IST
A senior official in the industries department said orders had been issued on February 17 directing the APIIC to allot 600 acre at Rs 1 lakh per acre.
 A senior official in the industries department said orders had been issued on February 17 directing the APIIC to allot 600 acre at Rs 1 lakh per acre.

Hyderabad: Two-wheeler major Hero Motocorp, the first major industry that offered to set up its unit in Andhra Pradesh after the TD came to power in 2014, had to wait for almost one-and-a-half years to get land for the project.

The company is to set up a Rs 2,200-crore manufacturing unit in Chittoor district which is seen to provide employment opportunities for 3,000 people and create job avenues for 3,000 more.

The state government signed an MoU with the company on September 16, 2014, and decided at a Cabinet meeting on March 20 last year to allot 600 acre in Chittoor district for the plant.

The AP Industrial and Infrastructure Corporation was asked to take steps to allot the land. That is where the matter stood for months.

The AP government has repeatedly claimed its record in ease of doing business and giving clearance to start industry within 21 working days.

When representatives of Hero Motocorp approached the APIIC, they were reportedly told that the corporation had not received orders from the government.

A senior official in the industries department said orders had been issued on February 17 directing the APIIC to allot 600 acre at Rs 1 lakh per acre.

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Location: India, Andhra Pradesh




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