Kribhco fertilizers and UPI polymers to set up factories in Sarvepalli indl. park near Nellore !!

The Andhra Pradesh government issued orders on 14th Nov’2014 to alienate the second parcel of land to the cooperative giant, Kribhco to start works for the fertilizer plant in Sarvepalli industrial park in Nellore district. Along with Kribhco, land was also alienated to UPI Polymers in the park, which is planning to establish an industrial unit to manufacture pipes, sprinkler and drip irrigation equipment.

Kribhco (Krishak Bharati Cooperative Limited) will set up the long pending fertilizer plant in Nellore district. This will be the second major industrial unit to get clearance after the new government headed by Chandrababu Naidu took charge in Andhra Pradesh in June this year, the first being Hero MotorsCorp, which is setting up a manufacturing unit in Chittoor district for which the land alienation is in progress.

Even though the state industrial promotion board cleared Kribhco’s investment proposal in June 2012, there was no progress in the alienation of land to the company to start work on the fertilizer unit. As against the request of 350 acres by Kribhco, the state allotted it 286 acres. UPI Polymers was allotted over 50 acres. The GO transferring the land to APIIC, which in turn will alienate it to Kribhco and UPI Polymers at a market rate of Rs 7 lakh per acre, was issued on Friday .

According to APIIC chairman P Krishnaiah, a few more industries are expected to come up in the Sarvepalli industrial park. “The Container Corporation of India wants to set up a unit and has sought 150 acres for the same.All these industries will create jobs, both direct and indirect, in a big way ,“ he said.

Krishnaiah said Kribhco would invest about Rs 2,000 crore in two phases in the ammonia complex fertilizer unit.“The unit will produce about 1,600 tonnes of fertilizer per day in the first phase. It will generate about 300 to 400 jobs through direct employment and several more jobs indirectly through packaging units and logistics,“ Krishnaiah told TOI from Sarvepalli industrial park.

A Kribhco representative in Hyderabad said the plant will start production in 24 months once the land is given to the company . “We have been waiting for alienation of the land to start work. In all probability , we will start civil works in the first quarter of 2015,“ he said. UPI Polymers is slated to invest about Rs 400 crore in its unit and generate a few hundred direct jobs and many more indirect ones.

Source: The Times Of India

kribhco sarvepalli park nellore

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