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Foundation Stone for MSME Park Laid at Krishnapuram

2025/05/08 16:39 pm


Moving towards the goal of establishing one MSME Park in every constituency in Andhra Pradesh, Minister for MSME Kondapalli Srinivas laid the foundation stone of MSME Park in Krishnapuram, Visakhapatnam on Tuesday. This park is expected to house industries worth over Rs. 100 crores.

Srinivas told while laying the foundation stone for the proposed MSME Park that the goal of the alliance government led by the Chief Minister Chandrababu Naidu is to set up an MSME Park in every constituency in the next two years. Bheemili MLA Ganta Srinivasa Rao and MSME Corporation chairman T Siva Shankar who were also present at the occasion expressed hope that the first MSME Park, for which the foundation stone was laid in Uttarandhra would be an ideal establishment for Andhra Pradesh in future. They claimed that Naidu came up with the idea of MSME Parks in order to stop migration of educated rural youth to other states in search of daily bread and butter.

The Andhra Pradesh government is providing infrastructure facilities at a cost of Rs 12.40 crore in the park. They said that about 163 plots are being developed in 22 acres in the first phase. Further, the MLA said that there are great opportunities for development in Bheemunipatnam constituency and that 200 acres are being acquired for the US tech giant Google in Tarluwada.

Rao added that farmers in the seven Inam villages in the constituency have been facing difficulties in receiving government schemes due to lack of ownership rights. Taking this further, Joint Collector Mayur Ashok mentioned that the record work related to the issue has been completed in three villages and that passbooks will be issued to all the farmers soon.