Foundation laid for MSME park in Krishnapuram

The Andhra Pradesh government has laid the foundation for a 50-acre MSME park in Krishnapuram, Vijayawada, aimed at boosting local manufacturing. The ₹120 crore project will provide plug-and-play industrial sheds with subsidized power and water to 150 small enterprises. Focused on light engineering and food processing, the park is expected to generate 2,500 direct jobs upon completion in 2026. This initiative is part of the state's plan to develop 15 such clusters to decentralize industrial growth beyond Hyderabad. The facilities will include common testing labs, effluent treatment plants, and logistics hubs to reduce operational costs for MSMEs. The project has attracted interest from 70 entrepreneurs already, with allotments prioritizing local employment potential. This development addresses the critical need for organized industrial infrastructure to support Andhra Pradesh's growing MSME sector.