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Krishnapatnam Port plans new SEZ in Nellore

Krishnapatnam Port is planning to set up a special economic zone at Nellore district in Andhra Pradesh, near the vicinity of Krishnapatnam. It has floated a special purpose vehicle Krishnapatnam Infratech Private Limited (KIPL) and secured formal approvals. It has acquired around 2400 acres of land and it plans to acquire 12000 acres in total for the SEZ. The total investment for the project is estimated at Rs.60000 million. Andhra Pradesh Industrial Infrastructure Corporation (APIIC) is in the process of acquiring land directly from land owners at the rate of Rs.0.5 million per acre

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