VANPIC: Difference between revisions

'''Vadarevu and Nizampatnam Industrial Corridor'''(VANPIC) is an upcoming [[industrial park]] located between [[Guntur district]] and [[Prakasam district]] in [[Andhra Pradesh]], [[India]]. It is spread over 13,000 acres.<ref>[https://archive.today/20130703114415/http://articles.timesofindia.indiatimes.com/2013-02-13/hyderabad/37078577_1_vanpic-vadarevu-nizampatnam ]</ref><ref>{{cite web| url = http://www.thehindu.com/news/national/andhra-pradesh/farmers-plough-vanpic-land-in-aluru/article3619257.ece| title = Farmers plough Vanpic land in Aluru - The Hindu}} </ref> It is under CBI investigation for land acquisition and other allegation. Around 4000 acres was acquired for port development. Large tracts of land was acquired from local farmers. In April 2011, the property consultant, [[Jones Lang LaSalle]] estimated the 13,000 acres at {{INR}}1,426 crores.

The land was acquired by the government  in 2008 .<ref>[https://archive.today/20130703114440/http://articles.timesofindia.indiatimes.com/2012-10-14/hyderabad/34448592_1_vanpic-case-nizampatnam-ports-vanpic-projects-pvt ]</ref>

Former minister [[Mopidevi Venkataramana]] was arrested in the case by the CBI, and minister Dharmana Prasad Rao resigned over allegations.<ref>[https://archive.today/20130703114416/http://articles.timesofindia.indiatimes.com/2012-08-15/hyderabad/33216409_1_vanpic-land-nimmagadda-prasad-vanpic-ports ]</ref><ref>{{cite news | url=https://www.ndtv.com/south/andhra-pradesh-minister-to-be-prosecuted-in-vanpic-case-510991 | title=Andhra Pradesh minister to be prosecuted in VANPIC case | date=21 January 2013 | first=Uma | last=Sudhir | publisher=NDTV | accessdate=1 August 2018 }}</ref> Another company, VANPIC projects was started by industrialist, [[Nimmagadda Prasad]] and [[Ras Al Khaimah]] (RAK group), and the company was allotted 24,000 acres by the government.