State government has allotted 485 acres of land to International leather complex limited in Nellore. Land was allotted at Kothapatnam village in Kota mandal. Its decided to give the land for the project at the price of Rs 3lakh per acre.
Tata International Leather Products and Fashion Club Global have come forward to set up the units in the state. More than 40 companies have come forward to set up units at Krishnapatnam leather complex. It’s expected that these companies create 15000 jobs and also increase the investments up to Rs2000 crores.