Andhra Pradesh Industrial Infrastructure Corporation

[1] APIIC was established in the year 1973 for identifying and developing potential growth centres in the State fully equipped with developed plots/sheds, roads, drainage, water, power and other infrastructural facilities; providing social infrastructure, like housing for workers near industrial zones; co-ordinating with the agencies concerned for providing communication, transport and other facilities.

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.

APIIC has been embroiled in a controversy over land acquisition for the Boulder Hills project in Hyderabad, a joint venture with EMAAR-MGF (also see EMAAR).

[6] On the back of the controversial Boulder Hills deal with EMAAR-MGF, several other APIIC projects, including the Raheja Mindspace IT park, that were approved in the period between 2003 and 2009 are being questioned.

[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.

[28] Recent negotiations between the Raheja group and APIIC (and Andhra Pradesh) seek to restore the state's share in the ownership and rental revenues from the project.