The Chief Minister of Andhra Pradesh, Mr. Nara Chandrababu Naidu, who is in China right now; signed an MoU with China Association of Small and Medium Enterprises and China Small and Medium Investment Group Limited; towards the construction of a Rs. 43210 crore Mega Industrial park at Donakonda in Prakasam district. This will include a Building Materials Industrial Park and Modern Building Materials Logistics Park.
According to a statement from the CMO, the industrial park, the first of its kind in India, will give a major boost to make in Andhra Pradesh and will be located in in an area of 20 square km with an investment of Rs. 6000 crore and will manufacture all categories of building materials and low- carbon energy-saving new materials.
This park will provide direct employment to 10,000 people.
The Modern Building Materials Logistics Park will also be set up in 20 square km with an investment of Rs. 36000 crore and will take care of the distribution and be a logistics centre of all categories of building materials. As many as 35,000 people will be directly employed.
The entire project will be done in three phases; with 10000 jobs in the first phase, 21000 jobs in the second phase and 24000 jobs in the third phase.
The park will attract manufacturing industries and logistics companies from China and other countries to invest and set up units. The products manufactured will be supplied to local markets, other areas of India and the export market.
The park will manufacture structured materials like wood, bamboos, stones, cement, concrete, metals, bricks, tiles, ceramics, glass, engineering plastics and composite materials etc.
Decoration materials like coatings, paint, cladding materials, veneering, ceramic tiles in all colors and glass with special effects etc will also be manufactured.