The Andhra Pradesh government is moving fast on two large industrial parks in north Andhra. Together they will cost ₹3,376 crore, and the state hopes to attract about ₹60,000 crore in investment through them.
Moolapeta chemical park
The government has provisionally decided on an integrated chemical park on about 2,000 acres in the Moolapeta port area of Srikakulam district. Officials said tenders to pick an international consultancy for the master plan will be called this month. APIIC has sped up environmental and Coastal Regulation Zone (CRZ) clearances.
- About ₹1,500 crore will go into trunk infrastructure, of which ₹1,000 crore will come as a grant under a central scheme.
- Coromandel International has been allotted 450 acres for a ₹2,250 crore plant making phosphoric acid and fertilisers.
- Commercial operations at Moolapeta port are expected to begin by December 2026.
Nakkapalli bulk drug park
Infrastructure for the 2,001-acre bulk drug park at Nakkapalli in Anakapalli district will cost ₹1,876.66 crore, with ₹1,000 crore from the Union Department of Pharmaceuticals. A ₹546.77 crore contract for phase one has already been awarded. The target is ₹11,542 crore in investment and about 27,360 direct jobs by 2033.
