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Andhra Pradesh government gives 623 acres land to Jain Irrigation Systems

Hyderabad(PTI): Andhra Pradesh government has allotted over 623 acres of land to Jain Irrigation Systems for setting up an integrated agriculture and horticulture park in Kurnool district of the state.

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“The government after careful examination of the matter and after due examination of the report submitted by the Vice Chairman and Managing Director of Andhra Pradesh Industrial Infrastructure Corporation (APIIC)… hereby accord permission to APIIC Limited for the allotment of the land of an extent of 623.40 acre Jain Irrigation Systems Ltd at Thangadancha Village, Jupadu Bungalow Mandal, Kurnool district on lease basis for 99 years, ” the government order issued on Monday said.

“And for handing over the same to the project proponent, pending regular alienation, for the establishment of an integrated agriculture and horticulture park duly fixing the cost of the land as per the APIIC extant rules and regulations,” it added.

The market value of the land is Rs 4.5 lakh per acre and the total cost of the land is Rs 28 crore.

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