Andhra Pradesh Industrial Infrastructure Corporation
Andhra Pradesh Industrial Infrastructure Corporation Ltd also known as APIIC is an Andhra Pradesh Government initiative for providing infrastructure through development of industrial areas.
APIIC was established in the year 1973 for identifying and developing potential growth centres in the State fully equipped with developed plots/sheds, roads, drainage, water, power and other infrastructural facilities; providing social infrastructure, like housing for workers near industrial zones; co-ordinating with the agencies concerned for providing communication, transport and other facilities. The Corporation also has active projects in the Public-Private Partnership Mode.
APIIC has been the principal facilitator in mega-projects likeSpecial Economic Zones like Sricity multi product SEZ, which is part of Sricity which is a developing Satellite City in the epicentre of Andhra Pradesh & Tamil Nadu. Visakha Industrial Water Supply, Gangavaram Port, Convention Centre and Mega Industrial Parks at Parawada.
The Government has earmarked a 97-acre (390,000 m2) site to the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for the proposed trade tower to be constructed at Manchirevula near Narsingi, in the business district. According to APIIC Chairman S.Siva Rama Subramanyam, who recently led a three-member corporation team to Kuala Lumpur, Malaysia, to study the famed 'Petronas Towers' there, the modalities of the project were being worked out. After the initial expression of interest, global tenders were expected to be called in within a couple of months.
The APIIC tower could either be a joint venture or with the APIIC as an equity partner, the modalities of which were yet to be worked out with consultants. He said a consultant, Fortune Capitals had been mandated to work out the plan. The APIIC was keen to start the work at the earliest in the next fiscal.
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