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Jain Irrigation Systems has been allotted 623 acres in Kurnool district for setting up of an integrated agriculture and horticulture park as an anchor company.
The Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC), the nodal agency for land allocation for industries, had earlier filed the requisitions with the Kurnool district collector for alienation of the Government land and about 4.28 acres of assigned land meant for providing access to the Government land in the district.
Jain Irrigation Systems Ltd had earlier filed a detailed project report for allotment of land in Kurnool district for the park. While the market value of the land is pegged at about ₹4.5 lakh per acre and the total cost is works out to ₹28.05 crore for 623.40 acres, the company would get the land on a long term lease.
Since the APIIC has a facility to allot land on long term lease, it was decided to allot the land on lease for 99 years, according to an order issued by SS Rawat, Secretary to Andhra Pradesh government and Commissioner Industrial Promotion.
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