Amaravati, April 14 -- Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC) Chairman Ramaraju Mantena on Tuesday said that land allotment at lower rates is aimed at attracting investors in the state.

Speaking with ANI, he stated that many investments have come in after seeing Chief Minister Chandrababu Naidu's vision. He pointed out that even during 2014-2019, the previous government allotted lands at low prices, but several of those companies have still not begun operations.

"In the period between 2024 and 2026, that is, in about a year and a half, nearly 30,000 acres are being allocated. This is the highest ever land allocation for industrial development in the history of APIIC or the state of Andhra Pradesh. Honorable...