According to Ravikumar Vemuru, the president of the AP Non-resident Telugu Society, it was being promoted by Telugu origin people staying abroad at Veerapanenigudem near the new capital. He said the society was formed after the CM's visit to the UK in 2016, with 30 entrepreneurs, and the number has grown to 145.
The State Government has allotted lands to the society to set up the MSMEs and in the first phase 75 units are coming up in different fields, such as aerospace components, machine spares, home appliances and others. The cluster will generate employment to 2,600 persons.
He said the objective of the society was to promote AP, bring global investments and companies into the state, attracting global companies owned by Telugu people. The society would also facilitate village development under the Smart Village Smart Ward programme in an accountable way on behalf of NRTs through their donations.
Partnerships would be developed between foreign universities and educational institutes in AP, he added.The Amaravati Industries Association (AIA) was formed after a group of investors showed interest to set up base in the state during the Chief Minister’s visit to the United Kingdom in 2016.
What started as a group of 30 manufacturing companies is now 145-member strong. Shortly, we shall see the first set of investments hitting the ground.