Andhra Pradesh Chief Minister, N Chandrababu Naidu on September 30 will lay the foundation stone for 75 micro, small and medium industries at Veerapanenigudem of Krishna district.

The land at at Veerapanenigudem had already been allotted and it was done through a lottery system to 75 companies.

These companies, according to Andhra Pradesh Non-Resident Telugu Society (APNRT) President Ravikumar Vemuru, will create around 2,600 new jobs in the area.

“APNRT has been entrusted with the task of charting out a plan for creating a consortium of SMEs and developing a model industrial cluster for them,” said Vemuru.

The companies include manufacturers of aerospace components, machinery spares, press tools, captive equipment, home appliances and engineering services.

Vemuru also said that APNRT was an instrument for bringing in the investors to Amaravati and also facilitating the new cluster for entrepreneurs.

The Amaravati Industries Association (AIA) companies, the first MSME cluster of its kind, would start the first phase of their operations within a year as the land had already been allotted.