Rayalaseema horticulture hub planned with ₹1 lakh crore investment
A proposed Rayalaseema Horticulture Hub at Madanapalle is set to receive a foundation-laying ceremony by Naidu and Sitharaman on October 2, according to The Hindu. The plan involves ₹40,000 crore in central support and ₹60,000 crore in private investment across six districts.
A Rayalaseema Horticulture Hub is planned at Madanapalle, with a proposed investment of ₹1 lakh crore, The Hindu reports. Naidu and Finance Minister Nirmala Sitharaman are scheduled to lay the foundation for the project on October 2. The proposed hub is to cover six districts.
The financing plan includes ₹40,000 crore in support from the Centre and ₹60,000 crore in private investment. The supplied material does not specify the participating private companies, the precise districts involved or the timetable for completing the hub. It also does not provide details about the horticultural facilities, crops, processing capacity or jobs expected from the project.
The information available describes the planned investment and geographic scope, as well as the proposed foundation-laying event.
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