The Ministry of Commerce and Industry plans to develop three textile parks in Andhra Pradesh with an investment of over Rs 310 crore.

To be developed under the Scheme for Integrated Textile Park (SITP), these textile parks will be located in the Anantapuramu, Nellore, and Guntur districts. They will help stimulate investments, generate employment, and boost exports within the state's textile sector.

Announcing the development of these parks in the Lok Sabha, Jitin Prasada, Minister of State for Commerce and Industry, emphasized the central government's commitment to supporting the state’s industrialization through various initiatives.

The three upcoming parks include the Hindupur Vyapar Apparel Park in Anantapuramu, the Tarakeswara Textile Park in Nellore, and the Guntur Textile Park in Guntur. Each project has been allocated specific funds: $11.72 million (Rs 102.27 crore) for Anantapuramu, $11.86 million (Rs 103.44 crore) for Nellore, and $12.05 million (Rs 105.12 crore) for Guntur. The Brandix India Apparel Park in Visakhapatnam, developed under a similar scheme, has already been completed with an investment of $15.41 million (Rs 134.41 crore).

Additionally, the Ministry of Micro, Small, and Medium Enterprises is implementing the Micro and Small Enterprises Cluster Development Program nationwide, with Andhra Pradesh receiving a grant of $5.69 million (Rs 49.66 crore) for infrastructure projects in the FY25, informed Prasada.

Furthermore, the central government has approved three industrial projects in Andhra Pradesh under the National Industrial Corridor Development Program. The National Industrial Corridor Development and Implementation Trust has disbursed over $61 million (Rs 531.36 crore) in the past five years to support these projects.