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Tripartite MOU Between Government of Andhra Pradesh, ALEAP AND GIZ signed

January 28 , 2017; Vizag, Andhra Pradesh

The Government of Andhra Pradesh (GoAP) and the Association of Lady Entrepreneurs of India (ALEAP) and GIZ entered into a Memorandum of Understanding (MoU) worth Rs 1000 crore ~137 million Euro for development of 5 industrial parks in Andhra Pradesh exclusively for women entrepreneurs. The MoU was signed on 28th January, 2017 at Visakhapatnam during the 2nd Sunrise Andhra Pradesh Investment Meet (23rd edition of CII Partnership Summit). Under the Indo-German Development Cooperation project on "Sustainable and Environment friendly Industrial Production", GIZ will provide technical support for planning of these industrial parks integrating green criteria and sustainability standards. Investments for development of these parks will be made by ALEAP and GoAP. These Green Industrial Parks for promoting Women Entrepreneurship is expected to generate 25,000 new jobs.