THD NewsDesk, Amravati, 10th September: The Andhra Pradesh government announced Andhra Pradesh Bulk Drug Infrastructure Corporation (APBDIC) as the 100% subsidiary of Andhra Pradesh Industrial Infrastructure Corporation (APIIC). In a first move to bag the prestigious Bulk Drug Park project, the government has made the statement.
Shagili Shanmohan, managing director, AP High Grade Steels, has been appointed managing director of APBDIC. APBDIC will act as State Implementing Agency (SIA) to take forward the proposal for setting up of Bulk Drug Park proposed by centre.
The government has been persistently putting efforts to gain one of the three mega bulk drug park projects and put the process on a fast track by setting up a separate corporation.
Chief Minister YS Jaganmohan Reddy has emphasized the significance of the project as it would not only attract massive investment to the state but also generate employment. He has also directed minister Mekapati Gautham Reddy to put persistent efforts to gain the project.
He said the state was confident of bagging the project as they are the top rankers in the Ease of Doing Business (EoDB).
The government has even expressed its willingness to offer land to the project and is likely to be located in one of the coastal districts which have a national highway, air, and rail connectivity at its disposal.
The state is positive as it being one of the top competitors to gain the project.