Land pooling of 78 acres for Mangalagiri Gold Cluster to attract an investment of Rs.5,000 crore

The development of Mangalagiri Gold Cluster with a gems and jewellery park at Atmakur near Mangalagiri by the Capital Region Development Authority (CRDA) has received a shot in the arm with the State Government giving approval to the proposal to acquire the required area under the Land Pooling Scheme (LPS).

The project is expected to become an added attraction to visitors to Amaravati by attracting an investment of Rs.5,000 crore. According to an official estimate, it will provide direct jobs to 20,000 and indirect to several thousands once the project becomes fully operational. The State Cabinet, which approved land pooling, has decided to take up the Mangalagiri Gold Cluster on a fast-track basis.

Land acquisition under LPS was finalised as it will help the land-owners to get developed plots in addition to cash compensation. CRDA sources said after the Cabinet accorded its thumbs of approval on Thursday, tenders for development of the cluster will be issued shortly. Minister for Municipal Administration and Urban Development P. Narayana said besides acquiring 78 acres under LPS, the government has also approved special norms for the scheme only for Mangalari Gold Cluster considering its tremendous impact on local economy and tourism.

Changes in LPS rules are aimed at facilitating the early development of the gold cluster. CRDA has already cleared Rs.904 crore under critical infrastructure and investment plan for various LPS zones in the capital region across 29 village panchayats by creating drainage and other basic amenities.

The word 'assignee' is removed from LPS certificates to ensure active participation of land-owners to surrender lands for the capital region in the development of Amaravfati.

The project is part of efforts to promote local economy, industrial growth and creation of employment opportunities to the artisans.

Presently, Mangalagiri has a small hand-made gold jewellery facility . The proposed park with modern amenities will raise sales manifold in addition encouraging the potential for exports. This will help to a large extent in improving the livelihood of the goldsmith families and help them upgrade their craftsmanship by undergoing regular training. Jewellery made by local artisans, who specialise in making chains, rings, bracelets and necklaces will be benefited once they undergo training and keep middlemen at bay. To meet international standards, the cluster will have a hallmarking centre.