The union ministry of food processing and industries has approved the proposal for a mega food park at Agiripalli in Krishna district of Andhra Pradesh. The AP state government has allotted 460 acres to the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for the same. APIIC, which will prepare a detailed project report (DPR), is expected to set up a special purpose vehicle (SPV) to facilitate establishment of the park. Approximate cost of the project is around Rs.200 crore.
Extracted from TNN,June 14,’15