Andhra Pradesh Government plans MSME parks in each Assembly constituency

Andhra Pradesh Government has taken a decision to set up at least one MSME park in each Assembly constituency. It has set up the MSME Development Corporation for the purpose, with a target of setting up 200 such parks by 2023. The projected investment in 30,000 MSMEs in these parks is roughly Rs 45,000 crore and 3 lakh new jobs will be created.

To kick start this initiatives, at least 5 parks are planned in the first phase, one each at Narsipatnam, Gurrampalem, P. Anantavaram, Nakkapalli and Atchyuthapuram.