AP creates a massive land bank for realising its industrialization dreams !!

andhra industrial land bankWith 7.64 lakh acres in its kitty, the Andhra Pradesh government sits pretty offering the largest land bank in the country for industrial investment. The state’s land bank grew by about three times in the last one year. Andhra Pradesh had just 2.93 lakh acres on January 1, 2015. The land bank grew at an unprecedented rate in the last 12 months to touch 7.64 lakh acres.

 

According to official records, AP has a whopping 7.36 lakh acres land bank that will give a boost to its massive industrialisation plans. It also has 27,911 acres in the form of developed plots in various industrial parks owned by the government.

“This is one of the biggest unencumbered land banks avai lable in a state in India. We have handed over large parcels of land to the AP Industrial Infrastructure Corporation, which in turn will allot it to investors as and when the state cabinet clears the investment proposal,“ Anil Chandra Punetha, chief commissioner of land administration, told TOI.

With large parcels of litigationfree land available for industries, officials hope that the bifurcated state will emerge as a major investment destination. The state government has already entered into MoUs worth about Rs 5,00,000 crore with a number of industrial and business houses at the Partnership Summit, which concluded in Visakhapatnam on Tuesday . As many as 250 new industrial units are likely to come up in the state in the next three years. “About 10.15 lakh new jobs will be created in Andhra Pradesh once these units start their operations,“ HRD minister Ganta Srinivasa Rao told TOI on Tuesday .

Interestingly , the state had a land bank of only 2.93 lakh acres prior to the bifurcation of the revenue department between residuary AP and Telangana last year. After bifurcation, chief minister Chandrababu Naidu directed the revenue department to identify parcels of government land in all the 13 districts and create a land bank. Though Naidu had set a target of 10 lakh acres, the revenue department could manage to identify 7.3 lakh acres of government land in the last one year.

Land in Chittoor district, where Sri City is located, is in high demand and the state government has created a bank of 1.60 lakh acres, the biggest in the state.

“District collectors and joint collectors have been asked to identify and fence parcels of government land. This has opened up large tracts of land which were under private occupation earlier. In fact, the land bank initiative has freed lakhs of acres of government land from encroachments,“ said Punetha.

Visakhapatnam, Krishna, Guntur and West and East Godavari districts are the most sought after destinations for new industries.But, the state government, which wants to focus on backward Raya laseema, is now offering land for industries in Kadapa, Kurnool and Anantapur districts too. The government is hard-selling parcels of land acquired in Anantapur district by offering additional incentives. Kadapa district has 1.06 lakh acres and Anantapur 1.30 lakh acres ready for allotment.

“The best part is we have not acquired land from private people or farmers. Most of the land credited in the bank is barren and belongs to the government.Assigned but not used, unclaimed or not developed land as per guidelines is taken back. In case of agricultural fields situated amidst barren land, we have offered the latest compensation package, which is four times the one offered earlier,“ said P Krishnaiah, APIIC chairman.

Source: Times of India, Hyderabad edition

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