Andhra Pradesh Industrial Infrastructure Corporation Ltd also known as APIIC is an Andhra Pradesh Government initiative for providing infrastructure through development of industrial areas. 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 Corporation also has active projects in the Public-Private Partnership Mode.present chairperson of apiic - R.K Roja Member of Legilistative assembly Andhra Pradesh
The Government has earmarked a site to the Andhra Pradesh Industrial Infrastructure Corporation 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. After the initial expression of interest, global tenders were expected to be called in within a couple of months. The APIIC tower could either be a joint venture or with the APIIC as an equity partner, the modalities of which were yet to be worked out with consultants. He said a consultant, Fortune Capitals had been mandated to work out the plan. The APIIC was keen to start the work at the earliest in the next fiscal. This plan was eventually scrapped after the bifurcation of Andhra Pradesh and that planned land is now under the administration of Telangana State Industrial Infrastructure Corporation.
APIIC has been embroiled in a controversy over land acquisition for the Boulder Hills project in Hyderabad, a joint venture with EMAAR-MGF. News reports suggest that the APIIC agreed to dilute the public stake by undervaluing the land that it contributed. About of land was acquired by APIIC in 2002-2003 for setting up a golf course and residential properties. Of the of land in Manikonda near the Indian School of Business, APIIC sold at 2.7 million per acre as against the prevailing price of 10 million per acre in 2003. The remaining 235 acres were allotted as a 66-year lease with a 2% share of the Golf course revenues. EMAAR sold this project to EMAAR-MGF and diluted the value of APIIC's stake from 26% to 4%, by not considering the prevailing market rate for the land in 2009. Multiple claimants to the land have emerged, including the WAKF board and the previous farmer owners of this land. The customers who have paid for properties in the developed project are in jeopardy due to the unclear land title. 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. There are allegations of irregularities in land deals during the Chief Ministership of Y.S. Rajasekhara Reddy. There are also allegations that government officials were allocated parcels of the property at deeply discounted prices compared to the prevailing market price. Officials who previously ran APIIC and seem to have conflicts of interest with the developers, have refuted many of these allegations and defended earlier land allotment decisions. There have been several calls for a thorough investigation into APIIC deals either by the CBI or by the state investigative agency CID. Though there were initial reports of an external audit, the calls for a CBI enquiry were downplayed by the Andhra Pradesh Government, which has initiated an internal APIIC probe.
is one of the IT parks established in Hyderabad's HITEC city developed with about 110 Acres of land allotted by APIIC. Similar to Boulder hills, there are allegations of dilution of the Andhra Pradesh state's ownership in the Mindspace project with active connivance of previous administrators of APIIC. APIIC former managing director B. P. Acharya, principal secretary K Ratna Prabha, and Special Secretary Gopi Krishna in the state Government, have been implicated by the Anti Corruption Bureau in taking decisions in favor of the developers and against the interests of the public. Acharya has refuted these allegations of impropriety. Recent negotiations between the Raheja group and APIIC seek to restore the state's share in the ownership and rental revenues from the project.
Proposal to disinvest state share in key projects
Despite the background of controversies in the EMAAR Boulder Hills and Raheja Mindspace projects, the AP state government has made announcements about further disinvestment from such infrastructure projects. Public disagreements between the cash-strapped state government and the APIIC have been voiced on this issue.
