Chief Minister K. Rosaiah laid the foundation stone for Apache Footwear Company at Obulanaidupalem village in Pottur mandal on Saturday.
This is the second unit of company to be set up in the state. The global shoe brand has already set up shoemaking unit at Tada in Nellore district.
The shoemaking unit was allotted 50 acres by APIIC and is scheduled to be completed by March 2011.
Company representatives said that the plant could scale up production to 3 lakh pairs of shoes.
Speaking on the occasion, Mr. Rosaiah observed that overall development of the State is necessary to sustain the growth.
Industries needed to be promoted, rail, road and sea connectivity should be improved and electrical generation should be augmented to meet the needs of industries.
He thanked Apache for setting up a plant at a cost of Rs.150 crores and said that the plant would boost employment opportunities in rural areas.
Major Industries Minister Kanna Lakshminarayana said that the district would witness rapid industrial growth as a slew of industries, including solar city at Gurazala, Apparel parks at Bapatla and Budampadu and Tyres Factory at Mangalagiri are coming up.
Union Minister of State for Textiles P. Lakshmi, Ministers P. S. Bose, M. Venkata Ramana Rao, D. Manikya Vara Prasad, APIIC Chairman Siva Subramaniyam, MLAs and officials were present.