MoU17 Nov 2025, 09:51 am
Kings Infra Ventures Ltd. and Andhra Pradesh Government Sign MoU for ¥2,500 crore Kings Maritime Aquaculture Technology Park
AI Summary
Kings Infra Ventures Limited has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to develop a ¥2,500 crore, 500-acre Kings Maritime Aquaculture Technology Park near Srikakulam, close to Visakhapatnam. The project aims to generate 1,500 direct and 10,000 indirect jobs in Andhra Pradesh and enable ¥2,000 crore in annual direct exports and 20,000 crore in indirect exports from Year 3 onwards. The Technology Park will be developed through a ¥500 crore direct investment and an additional ¥2,000 crore expected to flow indirectly through ancillary industries, tank-based systems, MSME participation, and renewable energy clusters.
Key Highlights
- Kings Infra Ventures Limited to invest ¥500 crore in the Technology Park.
- Expected to generate 1,500 direct and 10,000 indirect jobs in Andhra Pradesh.
- Projected to enable ¥2,000 crore in annual direct exports and 20,000 crore in indirect exports from Year 3 onwards.
- First-of-its-kind aquaculture innovation hub with hatcheries, indoor farming systems, multi-species culture units, processing lines, a marine bio-actives division, and an AI-driven digital operations centre.
- Aquaculture Skill & Innovation Centre to train and certify 5,000 aqua professionals over five years.