VIJAYAWADA: With the Centre approving the proposal and making budgetary allocation for the development of Krishnapatnam Industrial Area (Node) in Nellore district under the Chennai-Bengaluru Industrial Corridor (CBIC) at an estimated cost of Rs 2,139.44 crore, the State government is hopeful of rapid industrialisation of the region in the near future.
Stating that an industrial estate will be developed at Krishnapatnam with Central funds, Industries and Commerce Minister Mekapati Goutham Reddy felt that it will immensely benefit the State in the future. The Centre and the State government will have equal share in the 2,000 acre project.
(From: New Indian Express)