Fighting Injustice in Polepally SEZ

…more than courage it takes WILL to stand up against injustice !

Shame on You APIIC!

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Every organization measures its success by the revenue it earns from sale of its products or services. But here is an organization in the South Indian State of Andhra Pradesh which makes money by selling off its own assets. And what’s more, all the ‘assets’ of this organization were grabbed from poor peasants forcibly.

Andhra Pradesh Industrial Infrastructure Corporation (APIIC) is a state owned organization set up to promote industries in Andhra Pradesh. APIIC was an ailing public sector undertaking until recent times. Then suddenly, one fine mornining the bosses of APIIC got an ingenious idea to make a quick buck. Sell its assets! So, APIIC dug up its old files to know where all it has acquired land for ‘public purpose’ and then started selling these lands.

After selling the existing lands, APIIC, now transformed into a land hungry monster, started devouring (acquiring) lands of farmers and selling them away.

Read the following news article from ‘The Hindu’ which was published on Oct 08, 2007 where the CMD of APIIC B.P. Acharya shamelessly admits all these deeds…

APIIC taps its land bank to spur revenues

A. Saye Sekhar

From Rs. 62 cr. in 2004-05 it earned Rs. 1,392 cr. revenue till Sept-07 
HYDERABAD: Unlocking of huge tracts of land that has been lying idle with many organisations for several years has proved to be the key to the success of the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) in scaling up its business.

The corporation is the nodal agency for all infrastructure projects, including IT/biotech/apparel parks and special economic zones (SEZs) in the State. Citing examples of land remaining untapped, APIIC chairman and managing director B.P. Acharya said that 250 acres at Hindupur, in Anantapur district, had been lying unused with the corporation for over 25 years.

Raheja’s offer

Once it decided to go ahead with developing it, K. Raheja Group offered to invest Rs. 1,000 crore to set up an apparel park and create 20,000 jobs. Similarly, lands in Bobbili, in Vizianagaram district, and Singarayakonda, in Prakasam district, Jadcherla, in Mahabubnagar district, were all “forgotten” for years.

The export promotion industrial park, being developed in 1,500 acres at Pashamylaram, in Medak district, was another classic example for untapped resource. Similarly, 35 acres of prime land in Nacharam, which had been held by the Institute of Preventive Medicine since 1965, was allotted to Gokuldas Exports and Gokuldas Images.

The APIIC, which had a land bank of 35,000 acres in 2005, added another 50,000 acres by the end of second quarter of 2006-07.

Its financial performance obviously witnessed an upswing from a meagre Rs. 62 crore in 2004-05 to Rs. 1,086 crore in 2006-07. Posting a cumulative revenue of Rs. 1,392 crore by the end of September this year, the corporation was targeting Rs. 4,000 crore of turnover by the end of current financial year, said Mr. Acharya.

Courtesy: The Hindu



Written by dilkibaatein

September 2, 2008 at 10:51 am

One Response

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  1. It is an industry policy to sell land to enterpreanurs for developing industries. In vishakapatnam they (APIIC) made a rule that nobody could convert their premises to a godown. But today 90percent of the units at Autonagar have been given to use as godownns and get fancy rents from corporate customers. 1000sq yrd site will fetch around 70,000 to 1,00,000/per month rent. In a few years there will be no more any industries, especially mwchanical fabrication workshops wil wind up due to heavy rents and spiralling prices. Apiic has sold its consciousness. Industry is doomed

    gc naidu

    January 26, 2010 at 7:42 pm

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