YS , , ||Jagan to take back land from Amara Raja
In what could be seen as a shock to Amara Raja Group of Industries, the State government has issued orders permitting the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to take back 253.61 acres of unutilised land, out of the 483.27 acres allocated to Amara Raja Infratech (P) Ltd in Chittoor district. The industries department, which issued a Government Order giving permission to the APIIC to take back the land, cited that apart from not utilising the land for almost 10 years, the company has not fulfilled its promise to invest `2,100 crore with a potential employment generation of 20,000. The actual employment achieved so far is only 4,310, the GO read.
In 2010, the APIIC had allotted 483.27 acres of land (478.78 acres of DKT land and 4.56 acres of patta land) spread over Nunegundlapalli village of Bangarupalem mandal and Kothapally village of Yadamari mandal in Chittoor district to Amara Raja Infratech (P) Ltd on sale basis to take up activities pertaining to a Special Economic Zone (SEZ) and other developmental activities, including Digital World City. The agreement and land sale deed were made in favour of M/s Amara Raja Infratech Private Limited on November 1, 2010, and November 18, 2010, respectively.
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YS , , ||Jagan to take back land from Amara Raja In what could be seen as a shock to Amara Raja Group of Industries, the State government has issued orders permitting the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to take back 253.61 acres of unutilised land, out of the 483.27 acres allocated to Amara Raja Infratech (P) Ltd in Chittoor district. The industries department, which issued a Government Order giving permission to the APIIC to take back the land, cited that apart from not utilising the land for almost 10 years, the company has not fulfilled its promise to invest `2,100 crore with a potential employment generation of 20,000. The actual employment achieved so far is only 4,310, the GO read. In 2010, the APIIC had allotted 483.27 acres of land (478.78 acres of DKT land and 4.56 acres of patta land) spread over Nunegundlapalli village of Bangarupalem mandal and Kothapally village of Yadamari mandal in Chittoor district to Amara Raja Infratech (P) Ltd on sale basis to take up activities pertaining to a Special Economic Zone (SEZ) and other developmental activities, including Digital World City. The agreement and land sale deed were made in favour of M/s Amara Raja Infratech Private Limited on November 1, 2010, and November 18, 2010, respectively.
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