Stone laid for ₹12.72 crore Flatted Factory Complex in Srikalahasti
Srikalahasti MLA Bojjala Venkata Sudheer Reddy laid the foundation stone for a Flatted Factory Complex (FFC) at Rachagunneri village in Srikalahasti mandal in Tirupati district on Tuesday.
The project marks the first MSME facility in the undivided Chittoor district, as a part of the Andhra Pradesh government's initiative to launch 175 MSME parks. The ₹12.72 crore project will be developed on 1.04 acres of land and will include 30 industrial units, with designated space for banks, storage and administrative facilities.
Mr. Sudheer Reddy recalled the emotional attachment of his father and former State Minister Bojjala Gopalakrishna Reddy to the region, which became known for industrial development during his regime. 'Even today, the IIT, IISER and scores of industries in Srikalahasti, Yerpedu and Renigunta mandals owe their existence to the efforts of late Gopalakrishna Reddy,' Mr. Sudheer Reddy recalled.
Thanking Chief Minister Nara Chandrababu Naidu for envisioning a unique space for MSMEs, and IT and Industries Minister Nara Lokesh for focussing on bringing industries and startups to the State, Mr. Reddy observed a noticeable acceleration in industrial activity and employment generation.
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