Andhra Pradesh Industrial Infrastructure Corporation
Andhra Pradesh Industrial Infrastructure Corporation Ltd also known as APIIC is an Andhra Pradesh Government initiative for providing infrastructure through development of industrial areas.[1]
APIIC was established in the year 1973 for identifying and developing potential growth centres in the State fully equipped with developed plots/sheds,
Projects undertaken
APIIC has been the principal facilitator in mega-projects such as
Plans for APIIC Tower
The Government has earmarked a 97-acre (390,000 m2) site to the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for the proposed trade tower to be constructed at Manchirevula near Narsingi, in the business district. According to APIIC Chairman S.Siva Rama Subramanyam, who recently led a three-member corporation team to Kuala Lumpur, Malaysia, to study the famed 'Petronas Towers' there, the modalities of the project were being worked out. After the initial expression of interest, global tenders were expected to be called in within a couple of months.
The APIIC tower could either be a joint venture or with the APIIC as an equity partner, the modalities of which were yet to be worked out with consultants. He said a consultant, Fortune Capitals had been mandated to work out the plan. The APIIC was keen to start the work at the earliest in the next fiscal.
This plan was eventually scrapped after the bifurcation of Andhra Pradesh and that planned land is now under the administration of Telangana State Industrial Infrastructure Corporation (TSIIC).
EMAAR-MGF Boulder Hills
APIIC has been embroiled in a controversy over land acquisition for the
Multiple claimants to the land have emerged, including the WAKF board and the previous farmer owners of this land.
There are also allegations that government officials were allocated parcels of the property at deeply discounted prices compared to the prevailing market price.[12] Officials who previously ran APIIC and seem to have conflicts of interest with the developers,[13] have refuted many of these allegations and defended earlier land allotment decisions.[14][15]
There have been several calls for a thorough investigation into APIIC deals either by the CBI or by the state investigative agency CID.[16][17][18] Though there were initial reports of an external audit,[19] the calls for a CBI enquiry were downplayed by the Andhra Pradesh Government, which has initiated an internal APIIC probe.[20][21][22]
Raheja Mindspace project
Recent Developments
Under the INC government of
The
References
- ^ "APOnline - Organisation Info". Archived from the original on 8 June 2007. Retrieved 1 June 2009.
- ^ "Unlimited opportunities as AP plans infrastructure parks". Archived from the original on 3 February 2010. Retrieved 1 June 2009.
- ^ Sengupta, Sudipta (11 August 2010). "APIIC loses prime land in blind deal". The Times of India. Archived from the original on 3 November 2012.
- ^ Sengupta, Sudipta (12 August 2010). "Wakf Board says APIIC-Emaar deal void". The Times of India. Archived from the original on 3 November 2012.
- ^ "KCR Wants Land To Be Given Back To Farmers". The Times of India. 19 August 2010. Archived from the original on 3 November 2012.
- ^ Sengupta, Sudipta (15 August 2010). "Emaar row gives customers the jitters". The Times of India. Archived from the original on 3 November 2012.
- ^ "All APIIC deals dubious". The Times of India. 15 August 2010. Archived from the original on 3 November 2012.
- ^ Sengupta, Sudipta (14 August 2010). "APIIC's Raheja deal gets hit too". The Times of India. Archived from the original on 3 November 2012.
- ^ "Another APIIC shady deal comes under scanner". The New Indian Express. Archived from the original on 21 February 2014.
- ^ "Rs 10,000-cr scam took place during YSR rule". Hindustan Times. Archived from the original on 11 August 2010.
- ^ "JC & co accuse Ambati of Rs 10,000 crore scam". The New Indian Express. Archived from the original on 21 February 2014.
- ^ Sengupta, Sudipta (13 August 2010). "Babus, politicos got prime Emaar plots?". The Times of India. Archived from the original on 3 November 2012.
- ^ "Babu has road named after him!". The Times of India. 14 August 2010. Archived from the original on 3 November 2012.
- ^ "Acharya's bouncer". The Times of India. 15 August 2010. Archived from the original on 3 November 2012.
- ^ "Acharya denies wrongdoing". Deccan Chronicle. Archived from the original on 28 October 2018.
- ^ "Desam seeks inquiry into land acquisition". Deccan Chronicle. Archived from the original on 10 October 2010.
- ^ "Naidu demands CBI probe into Emaar land row". Sify. Archived from the original on 17 August 2010.
- ^ "Probe sought into anomalies". Deccan Chronicle. Archived from the original on 10 October 2010.
- ^ "Emaar: third party audit likely". The Hindu. Chennai, India. 14 August 2010. Archived from the original on 17 August 2010.
- ^ "Emaar deal facts may not come out". The Times of India. 18 August 2010. Archived from the original on 3 November 2012.
- ^ Nagaraju, Jinka (15 August 2010). "3-member panel to probe Emaar deal". The Times of India. Archived from the original on 3 November 2012.
- ^ "Cabinet goes soft on Emaar deal probe". The Times of India. 20 August 2010. Archived from the original on 3 November 2012.
- ^ "Raheja Mindspace Project, APIIC" (PDF). APIIC. Archived from the original (PDF) on 26 April 2012. Retrieved 19 May 2019.
- ^ "APIIC's Raheja deal gets hit too". The Times of India. 14 August 2010. Archived from the original on 3 November 2012.
- ^ "Register case against State officials, ACB told". The Hindu. Chennai, India. 20 February 2011. Archived from the original on 20 February 2011.
- ^ "FIR filed against officials in Rahejas case". The New Indian Express. Archived from the original on 29 June 2013.
- Siasat.
- ^ "Raheja case: Acharya counters petitioner's contention". The Hindu. Chennai, India. 21 February 2011. Archived from the original on 26 February 2011.
- ^ "APIIC board defers decision on Rahejas' offer". The Hindu. Chennai, India. 21 December 2011.
- ^ "Emaar to restore APIIC stake in JV". The Times of India. 21 December 2011. Archived from the original on 4 February 2014.
- ^ "Ishaan Real-estate Portfolio Update" (PDF). Ishaan Real-estate. Archived from the original (PDF) on 26 April 2012.
- ^ "APIIC decides to offload more stakes". Deccan Chronicle. Archived from the original on 10 December 2011.
- ^ "State mulls dis-investing APIIC stake in JVs". The Hindu. Chennai, India. 21 December 2011.
- ^ "APIIC to oppose Kiran move to sell profit-making JVs". The Times of India. 15 December 2011. Archived from the original on 9 July 2012.
- ^ "సీఎం వైయస్ జగన్ ఆలోచనల ప్రతిరూపం కొత్త ఇండస్ట్రియల్ పాలసీ". YSR Congress Party. 10 August 2020. Retrieved 10 August 2020.